Mediterranean Towers (XTAE:MDTR) Days Payable : 86.72 (As of Dec. 2023)

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What is Mediterranean Towers Days Payable?

Mediterranean Towers's average Accounts Payable for the three months ended in Dec. 2023 was ₪29.9 Mil. Mediterranean Towers's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪31.4 Mil. Hence, Mediterranean Towers's Days Payable for the three months ended in Dec. 2023 was 86.72.

The historical rank and industry rank for Mediterranean Towers's Days Payable or its related term are showing as below:

XTAE:MDTR' s Days Payable Range Over the Past 10 Years
Min: 54.25 Med: 73.24 Max: 95.15
Current: 95.15

During the past 13 years, Mediterranean Towers's highest Days Payable was 95.15. The lowest was 54.25. And the median was 73.24.

XTAE:MDTR's Days Payable is ranked worse than
51.34% of 1572 companies
in the Real Estate industry
Industry Median: 100.22 vs XTAE:MDTR: 95.15

Mediterranean Towers's Days Payable increased from Dec. 2022 (80.68) to Dec. 2023 (86.72). It may suggest that Mediterranean Towers delayed paying its suppliers.

Mediterranean Towers Days Payable Historical Data

The historical data trend for Mediterranean Towers's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mediterranean Towers Days Payable Chart

Mediterranean Towers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.72

67.28

58.89

79.91

79.62

Mediterranean Towers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															80.68	101.63	98.23	108.58	86.72

Competitive Comparison of Mediterranean Towers's Days Payable

For the Real Estate Services subindustry, Mediterranean Towers's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mediterranean Towers's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mediterranean Towers's Days Payable distribution charts can be found below:

* The bar in red indicates where Mediterranean Towers's Days Payable falls into.

Mediterranean Towers Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Mediterranean Towers's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (39.251	+	22.011)	/	2 )	/	140.413	*	365
=	30.631					/	140.413	*	365
=	79.62

Mediterranean Towers's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (37.709	+	22.011)	/	2 )	/	31.419	*	365 / 4
=	29.86					/	31.419	*	365 / 4
=	86.72

Mediterranean Towers Days Payable Related Terms

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Mediterranean Towers (XTAE:MDTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mediterranean Towers Ltd (XTAE:MDTR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Derech Hayam 5, Ganei Tikva, Lod, ISR

Website

http://www.migdalei.co.il

Mediterranean Towers Ltd is engaged in developing, constructing and managing housing for senior citizens. It operates and manages more than thousand housing units in Savyon, Bat Yam, Ramat Hasharon, Nordea, Kfar Saba and Ganei Tikva.

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