Marsh & McLennan (BUE:MMC) Days Payable : 63.60 (As of Mar. 2024)

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What is Marsh & McLennan Days Payable?

Marsh & McLennan's average Accounts Payable for the three months ended in Mar. 2024 was ARS2,037,645 Mil. Marsh & McLennan's Cost of Goods Sold for the three months ended in Mar. 2024 was ARS2,923,475 Mil. Hence, Marsh & McLennan's Days Payable for the three months ended in Mar. 2024 was 63.60.

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

BUE:MMC' s Days Payable Range Over the Past 10 Years
Min: 89.97 Med: 93.23 Max: 104.43
Current: 89.97

During the past 13 years, Marsh & McLennan's highest Days Payable was 104.43. The lowest was 89.97. And the median was 93.23.

BUE:MMC's Days Payable is ranked better than
66.67% of 48 companies
in the Insurance industry
Industry Median: 52.68 vs BUE:MMC: 89.97

Marsh & McLennan's Days Payable declined from Mar. 2023 (88.03) to Mar. 2024 (63.60). It may suggest that Marsh & McLennan accelerated paying its suppliers.

Marsh & McLennan Days Payable Historical Data

The historical data trend for Marsh & McLennan'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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Marsh & McLennan Days Payable Chart

Marsh & McLennan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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77.90

91.29

89.82

78.38

68.62

Marsh & McLennan Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															88.03	81.22	73.49	90.05	63.60

Competitive Comparison of Marsh & McLennan's Days Payable

For the Insurance Brokers subindustry, Marsh & McLennan'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.

Marsh & McLennan's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Marsh & McLennan's Days Payable distribution charts can be found below:

* The bar in red indicates where Marsh & McLennan's Days Payable falls into.

Marsh & McLennan 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.

Marsh & McLennan'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
=	( (549556.685	+	1228483.001)	/	2 )	/	4728739.004	*	365
=	889019.843					/	4728739.004	*	365
=	68.62

Marsh & McLennan'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
=	( (1228483.001	+	2846807.548)	/	2 )	/	2923475.05	*	365 / 4
=	2037645.2745					/	2923475.05	*	365 / 4
=	63.60

Marsh & McLennan Days Payable Related Terms

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Marsh & McLennan (BUE:MMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Marsh & McLennan Companies Inc (BUE:MMC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MMC:USA MMC:Mexico MSN:Germany M1MC34:Brazil MMCO:Austria

Address

1166 Avenue of the Americas, New York, NY, USA, 10036-2774

Website

https://www.marshmclennan.com

Marsh McLennan is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy). About half of its revenue is generated outside the U.S.