Maytronics (XTAE:MTRN) Days Payable : 76.23 (As of Dec. 2023)

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What is Maytronics Days Payable?

Maytronics's average Accounts Payable for the three months ended in Dec. 2023 was ₪163 Mil. Maytronics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪196 Mil. Hence, Maytronics's Days Payable for the three months ended in Dec. 2023 was 76.23.

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

XTAE:MTRN' s Days Payable Range Over the Past 10 Years
Min: 65.52 Med: 73.2 Max: 79.47
Current: 73.32

During the past 12 years, Maytronics's highest Days Payable was 79.47. The lowest was 65.52. And the median was 73.20.

XTAE:MTRN's Days Payable is ranked better than
54.46% of 2422 companies
in the Hardware industry
Industry Median: 67.8 vs XTAE:MTRN: 73.32

Maytronics's Days Payable declined from Dec. 2022 (163.73) to Dec. 2023 (76.23). It may suggest that Maytronics accelerated paying its suppliers.

Maytronics Days Payable Historical Data

The historical data trend for Maytronics'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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Maytronics Days Payable Chart

Maytronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.50

65.52

79.06

79.02

70.17

Maytronics 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															163.73	86.40	58.10	88.55	76.23

Competitive Comparison of Maytronics's Days Payable

For the Consumer Electronics subindustry, Maytronics'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.

Maytronics's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Maytronics's Days Payable distribution charts can be found below:

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

Maytronics 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.

Maytronics'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
=	( (240.094	+	182.705)	/	2 )	/	1099.64	*	365
=	211.3995					/	1099.64	*	365
=	70.17

Maytronics'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
=	( (143.96	+	182.705)	/	2 )	/	195.512	*	365 / 4
=	163.3325					/	195.512	*	365 / 4
=	76.23

Maytronics Days Payable Related Terms

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Maytronics (XTAE:MTRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maytronics Ltd (XTAE:MTRN) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Kibbutz Yizreel, Jezreel, ISR, 19350

Website

https://www.maytronics.co.il

Maytronics Ltd is an Israel-based company which provides a complete solution for swimming pool care. It delivers automatic pool cleaners, environment-friendly water treatment systems, and pool safety products to residential and commercial swimming pool owners and operators across the world. The company's product brands are Dolphin line of robotic pool cleaners, the AQUAlife pool covers and Aqualarm and Espio pool alarms. Its operating segment includes Manufacturing of private pool cleaning robots as a key revenue driver; Manufacturing of public pool cleaning robots and Safety products and related pool products.