Montrose Environmental Group (Montrose Environmental Group) Days Payable : 30.01 (As of Dec. 2023)

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What is Montrose Environmental Group Days Payable?

Montrose Environmental Group's average Accounts Payable for the three months ended in Dec. 2023 was $33.5 Mil. Montrose Environmental Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $101.9 Mil. Hence, Montrose Environmental Group's Days Payable for the three months ended in Dec. 2023 was 30.01.

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

MEG' s Days Payable Range Over the Past 10 Years
Min: 19.61 Med: 25.76 Max: 27.5
Current: 27.5

During the past 6 years, Montrose Environmental Group's highest Days Payable was 27.50. The lowest was 19.61. And the median was 25.76.

MEG's Days Payable is ranked worse than
81.25% of 224 companies
in the Waste Management industry
Industry Median: 73.515 vs MEG: 27.50

Montrose Environmental Group's Days Payable increased from Dec. 2022 (22.29) to Dec. 2023 (30.01). It may suggest that Montrose Environmental Group delayed paying its suppliers.

Montrose Environmental Group Days Payable Historical Data

The historical data trend for Montrose Environmental 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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Montrose Environmental Group Days Payable Chart

Montrose Environmental Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.47

25.84

19.61

25.68

26.81

Montrose Environmental Group 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															22.29	27.81	24.26	28.49	30.01

Competitive Comparison of Montrose Environmental Group's Days Payable

For the Waste Management subindustry, Montrose Environmental 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.

Montrose Environmental Group's Days Payable Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Montrose Environmental Group's Days Payable distribution charts can be found below:

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

Montrose Environmental 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.

Montrose Environmental 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
=	( (25.353	+	31.053)	/	2 )	/	383.903	*	365
=	28.203					/	383.903	*	365
=	26.81

Montrose Environmental Group'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
=	( (35.984	+	31.053)	/	2 )	/	101.919	*	365 / 4
=	33.5185					/	101.919	*	365 / 4
=	30.01

Montrose Environmental Group Days Payable Related Terms

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Montrose Environmental Group (Montrose Environmental Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Montrose Environmental Group Inc (NYSE:MEG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

5MO:Germany

Address

5120 Northshore Drive, North Little Rock, AR, USA, 72118

Website

https://www.montrose-env.com

Montrose Environmental Group Inc is an environmental services company. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Through its Assessment, Permitting, and Response segment, the company provides scientific advisory and consulting services to support environmental assessments, environmental emergency response, and environmental audits. Measurement and Analysis include test and analysis of air, water, and soil to determine concentrations of contaminants whereas, the Remediation and Reuse segment provide clients with engineering, design, implementation, operations and maintenance services, to treat contaminated water, remove contaminants from soil or create biogas from food or agricultural waste.

Executives

Allan Dicks	officer: Chief Financial Officer	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Janet Risi Field	director	9200 SOUTH DADELAND BOULEVARD, SUITE 800, MIAMI FL 33156
Fernandez De Castro Jose Miguel	director	TURBOCHEF TECHNOLOGIES, INC., SIX CONCOURSE PARKWAY, SUITE 1900, ATLANTA GA 30328
James K Price	director, 10 percent owner	C/O TURBOCHEF TECHNOLOGIES, INC., SUITE 1900, SIX CONCOURSE PARKWAY, ATLANTA GA 30328
J Thomas Presby	director	198 KEELER ROAD, BRIDGEWATER CT 06752
Richard E Perlman	director, 10 percent owner	C/O TURBOCHEF TECHNOLOGIES, INC., SUITE 1900, SIX CONCOURSE PARKWAY, ATLANTA GA 30328
Nasym Afsari	officer: General Counsel and Secretary	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Vijay Manthripragada	director, officer: See Remarks	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Joshua W. Lemaire	officer: Chief Operating Officer	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614
Partners Ltd	10 percent owner	181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Oaktree Holdings, Ltd.	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Group, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Montrose Holdings, L.p.	10 percent owner	333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Ocm Montrose Ii Holdings, L.p.	10 percent owner	333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Jose Revuelta	officer: Chief Strategy Officer	1 PARK PLAZA, SUITE 1000, IRVINE CA 92614