Desktop Metal (Desktop Metal) Days Payable : 33.22 (As of Dec. 2023)

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What is Desktop Metal Days Payable?

Desktop Metal's average Accounts Payable for the three months ended in Dec. 2023 was $25.2 Mil. Desktop Metal's Cost of Goods Sold for the three months ended in Dec. 2023 was $69.1 Mil. Hence, Desktop Metal's Days Payable for the three months ended in Dec. 2023 was 33.22.

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

DM' s Days Payable Range Over the Past 10 Years
Min: 39.55 Med: 73.49 Max: 103.17
Current: 44.74

During the past 5 years, Desktop Metal's highest Days Payable was 103.17. The lowest was 39.55. And the median was 73.49.

DM's Days Payable is ranked worse than
73.91% of 2419 companies
in the Hardware industry
Industry Median: 67.83 vs DM: 44.74

Desktop Metal's Days Payable declined from Dec. 2022 (47.43) to Dec. 2023 (33.22). It may suggest that Desktop Metal accelerated paying its suppliers.

Desktop Metal Days Payable Historical Data

The historical data trend for Desktop Metal'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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Desktop Metal Days Payable Chart

Desktop Metal Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

73.49

103.17

75.91

53.32

39.55

Desktop Metal Quarterly Data
	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												47.43	50.34	45.46	63.87	33.22

Competitive Comparison of Desktop Metal's Days Payable

For the Computer Hardware subindustry, Desktop Metal'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.

Desktop Metal's Days Payable Distribution in the Hardware Industry

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

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

Desktop Metal 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.

Desktop Metal'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
=	( (25.105	+	18.19)	/	2 )	/	199.788	*	365
=	21.6475					/	199.788	*	365
=	39.55

Desktop Metal'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
=	( (32.114	+	18.19)	/	2 )	/	69.085	*	365 / 4
=	25.152					/	69.085	*	365 / 4
=	33.22

Desktop Metal Days Payable Related Terms

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Desktop Metal (Desktop Metal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Desktop Metal Inc (NYSE:DM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

844:Germany

Address

63 3rd Avenue, Burlington, MA, USA, 01803

Website

https://www.desktopmetal.com

Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. 3D metal printing helps in the design and development of automotive parts, consumer goods, manufacture of industrial equipment, and design of mechanical systems. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC).

Executives

Farhad Fred Ebrahimi	10 percent owner	191 UNIVERSITY BLVD., #246, DENVER CO 80206
Scott J Dussault	director	C/O DESKTOP METAL, INC., 63 THIRD AVE, BURLINGTON MA 01803
Jason M Cole	officer: CFO & TREASURER	C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803
Ric Fulop	director, officer: Chief Executive Officer	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Thomas Nogueira	officer: CHIEF OPERATING OFFICER	C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803
Hindery Leo J. Jr.	director, other: See remarks.	C/O HMG, INC., C/O CINE LATINO, INC., 2000 PONCE DE LEON BLVD, SUITE 500, CORAL GABLES FL 33134
Michael M. Jafar	officer: CEO, Desktop Health	17901 VON KARMAN AVENUE, SUITE 150, IRVINE CA 92614
James S Eisenstein	director	C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVE, BOSTON MA 02116
Jeffrey R Immelt	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Siblani Ali El	director, officer: CEO of EnvisionTec US, LLC	63 THIRD AVENUE, BURLINGTON MA 01803
James Haley	officer: CFO & Treasurer	63 THIRD AVENUE, BURLINGTON MA 01803
Arjun Aggarwal	officer: Chief Product Officer	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Wen Hsuan Hsieh	director	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Forest Baskett	10 percent owner
Bilal Zuberi	director	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803