3M Co (MMM) Days Payable

: 61.92 (As of Dec. 2023)

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3M Co's average Accounts Payable for the three months ended in Dec. 2023 was $3,175 Mil. 3M Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,678 Mil. Hence, 3M Co's Days Payable for the three months ended in Dec. 2023 was 61.92.

The historical rank and industry rank for 3M Co's Days Payable or its related term are showing as below:

MMM' s Days Payable Range Over the Past 10 Years
Min: 42.55 Med: 52.32 Max: 63.49
Current: 62.79

During the past 13 years, 3M Co's highest Days Payable was 63.49. The lowest was 42.55. And the median was 52.32.

MMM's Days Payable is ranked better than
53.3% of 469 companies
in the Conglomerates industry
Industry Median: 58.24 vs MMM: 62.79

3M Co's Days Payable declined from Dec. 2022 (62.15) to Dec. 2023 (61.92). It may suggest that 3M Co accelerated paying its suppliers.

3M Co Days Payable Historical Data

The historical data trend for 3M Co'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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 47.86 [6] => 52.63 [7] => 53.94 [8] => 58.62 [9] => 63.49 )

3M Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

47.86

52.63

53.94

58.62

63.49

3M Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																62.15	62.44	63.01	63.11	61.92

Competitive Comparison

For the Conglomerates subindustry, 3M Co'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.

3M Co Days Payable Distribution

For the Conglomerates industry and Industrials sector, 3M Co's Days Payable distribution charts can be found below:

* The bar in red indicates where 3M Co's Days Payable falls into.

3M Co 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.

3M Co'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
=	( (3183	+	3245)	/	2 )	/	18477	*	365
=	3214					/	18477	*	365
=	63.49

3M Co'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
=	( (3104	+	3245)	/	2 )	/	4678	*	365 / 4
=	3174.5					/	4678	*	365 / 4
=	61.92

3M Co Days Payable Related Terms

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3M Co (MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M Co (NYSE:MMM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MMM:Mexico 1MMM:Italy MMMd:UK MMM:Germany MMM:Germany MMM:Germany MMM:Germany MMM:Chile MMM:Switzerland MMMC34:Brazil MMM:Austria MMM:Argentina

Address

3M Center, St. Paul, MN, USA, 55144

Website

https://www.3m.com

3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.

Executives

Thomas W Sweet	director	ONE DELL WAY, ROUND ROCK TX 78682
Bryan C Hanson	officer: Group Pres & CEO Health Care	ZIMMER BIOMET HOLDINGS, 345 E. MAIN STREET, WARSAW IN 46580
Audrey Choi	director	3M COMPANY, 3M CENTER, BUILDING 220-9E-02, ST. PAUL MN 55144-1000
Eric D. Hammes	officer: VP, Corp Controller & CAO	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000
Goralski Christian T Jr	officer: Group President	3M COMPANY, 3M CENTER, BUILDING 220-9E-02, ST. PAUL MN 55144-1000
Pedro Pizarro	director	2244 WALNUT GROVE AVENUE, ROSEMEAD CA 91770
Anne H Chow	director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Kevin H Rhodes	officer: EVP & Chief Legal Officer	3M COMPANY, 3M CENTER, BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Chavez Rodriguez Beatriz Karina	officer: Senior Vice President	3M COMPANY, 3M CENTER BLDG 220-09-E-02, ST. PAUL MN 55144-1000
John Patrick Banovetz	officer: Sr Vice President	3M CENTER, MAPLEWOOD MN 55144
Zoe L Dickson	officer: Executive Vice President	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Michael G. Vale	officer: Executive Vice President	3M CENTER OFFICE OF GENERAL COUNSEL, ST PAUL MN 551441000
Theresa E Reinseth	officer: Vice President/CAO	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Mojdeh Poul	officer: Executive Vice President	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Michael F Roman	officer: Senior Vice President	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000