More Provident Funds And Pension (XTAE:MPP) Days Payable : 30.23 (As of Dec. 2023)

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What is More Provident Funds And Pension Days Payable?

More Provident Funds And Pension's average Accounts Payable for the three months ended in Dec. 2023 was ₪41.8 Mil. More Provident Funds And Pension's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪126.3 Mil. Hence, More Provident Funds And Pension's Days Payable for the three months ended in Dec. 2023 was 30.23.

The historical rank and industry rank for More Provident Funds And Pension's Days Payable or its related term are showing as below:

XTAE:MPP' s Days Payable Range Over the Past 10 Years
Min: 0.69 Med: 1.2 Max: 74.75
Current: 74.75

During the past 6 years, More Provident Funds And Pension's highest Days Payable was 74.75. The lowest was 0.69. And the median was 1.20.

XTAE:MPP's Days Payable is ranked better than
52.03% of 467 companies
in the Asset Management industry
Industry Median: 68.5 vs XTAE:MPP: 74.75

More Provident Funds And Pension's Days Payable declined from Dec. 2022 (40.32) to Dec. 2023 (30.23). It may suggest that More Provident Funds And Pension accelerated paying its suppliers.

More Provident Funds And Pension Days Payable Historical Data

The historical data trend for More Provident Funds And Pension'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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More Provident Funds And Pension Days Payable Chart

More Provident Funds And Pension Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2.48

0.71

1.25

1.20

0.69

More Provident Funds And Pension Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial												40.32	121.38	176.20	127.20	30.23

Competitive Comparison of More Provident Funds And Pension's Days Payable

For the Asset Management subindustry, More Provident Funds And Pension'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.

More Provident Funds And Pension's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, More Provident Funds And Pension's Days Payable distribution charts can be found below:

* The bar in red indicates where More Provident Funds And Pension's Days Payable falls into.

More Provident Funds And Pension 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.

More Provident Funds And Pension'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
=	( (0.647	+	0.442)	/	2 )	/	290.026	*	365
=	0.5445					/	290.026	*	365
=	0.69

More Provident Funds And Pension'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
=	( (83.235	+	0.442)	/	2 )	/	126.306	*	365 / 4
=	41.8385					/	126.306	*	365 / 4
=	30.23

More Provident Funds And Pension Days Payable Related Terms

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More Provident Funds And Pension (XTAE:MPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » More Provident Funds And Pension Ltd (XTAE:MPP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ben Gurion Road 2, PO Box: 514956465, Ramat Gan, ISR, 5257334

Website

https://www.moreinvest.co.il

More Provident Funds And Pension Ltd, formerly More Provident Funds Ltd offers variety of long-term savings routes at different risk levels. The company offers provident funds, study funds and investment provident funds.

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