Massimo Group (Massimo Group) Days Payable : 63.57 (As of Mar. 2024)

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What is Massimo Group Days Payable?

Massimo Group's average Accounts Payable for the three months ended in Mar. 2024 was $13.73 Mil. Massimo Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $19.70 Mil. Hence, Massimo Group's Days Payable for the three months ended in Mar. 2024 was 63.57.

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

MAMO' s Days Payable Range Over the Past 10 Years
Min: 54.87 Med: 66.32 Max: 69.5
Current: 69.5

During the past 3 years, Massimo Group's highest Days Payable was 69.50. The lowest was 54.87. And the median was 66.32.

MAMO's Days Payable is ranked better than
52.46% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 66.79 vs MAMO: 69.50

Massimo Group's Days Payable increased from Dec. 2022 (55.93) to Mar. 2024 (63.57). It may suggest that Massimo Group delayed paying its suppliers.

Massimo Group Days Payable Historical Data

The historical data trend for Massimo Group'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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Massimo Group Days Payable Chart

Massimo Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

68.31

66.32

54.87

Massimo Group Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial			55.93	76.68	49.66	39.07	63.57

Competitive Comparison of Massimo Group's Days Payable

For the Recreational Vehicles subindustry, Massimo Group'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.

Massimo Group's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Massimo Group's Days Payable distribution charts can be found below:

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

Massimo Group 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.

Massimo Group'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
=	( (11.112	+	12.678)	/	2 )	/	79.127	*	365
=	11.895					/	79.127	*	365
=	54.87

Massimo Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (12.678	+	14.772)	/	2 )	/	19.701	*	365 / 4
=	13.725					/	19.701	*	365 / 4
=	63.57

Massimo Group Days Payable Related Terms

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Massimo Group (Massimo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Massimo Group (NAS:MAMO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 W Miller Road, Garland, TX, USA, TX 75041

Website

https://www.massimomotor.com

Massimo Group is engaged in the mid-tier band the ("Mid-Tier Band") of the Powersports Vehicles and Boats Industry. It manufacture, import and distribute a diversified portfolio of products divided into two main lines: (1) a motor sports brand consisting of utility terrain vehicles ("UTVs"), all-terrain vehicles ("ATVs"), motorcycles, scooters, golf carts and a juvenile line from go karts to balance bikes; and (2) a motor boat line consisting of pontoon and tritoon boats ("Pontoon Boats").

Massimo Group (Massimo Group) Headlines

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