Meta Platforms (FRA:FB2A) Days Payable : 59.22 (As of Mar. 2024)

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What is Meta Platforms Days Payable?

Meta Platforms's average Accounts Payable for the three months ended in Mar. 2024 was €3,964 Mil. Meta Platforms's Cost of Goods Sold for the three months ended in Mar. 2024 was €6,109 Mil. Hence, Meta Platforms's Days Payable for the three months ended in Mar. 2024 was 59.22.

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

FRA:FB2A' s Days Payable Range Over the Past 10 Years
Min: 22.29 Med: 26.72 Max: 69.17
Current: 54.48

During the past 13 years, Meta Platforms's highest Days Payable was 69.17. The lowest was 22.29. And the median was 26.72.

FRA:FB2A's Days Payable is ranked worse than
53.33% of 435 companies
in the Interactive Media industry
Industry Median: 61.44 vs FRA:FB2A: 54.48

Meta Platforms's Days Payable declined from Mar. 2023 (65.10) to Mar. 2024 (59.22). It may suggest that Meta Platforms accelerated paying its suppliers.

Meta Platforms Days Payable Historical Data

The historical data trend for Meta Platforms'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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Meta Platforms Days Payable Chart

Meta Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.92

30.87

42.86

63.74

70.20

Meta Platforms 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															65.10	52.25	54.51	55.24	59.22

Competitive Comparison of Meta Platforms's Days Payable

For the Internet Content & Information subindustry, Meta Platforms'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.

Meta Platforms's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Meta Platforms's Days Payable distribution charts can be found below:

* The bar in red indicates where Meta Platforms's Days Payable falls into.

Meta Platforms 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.

Meta Platforms'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
=	( (4710.56	+	4446.533)	/	2 )	/	23804.403	*	365
=	4578.5465					/	23804.403	*	365
=	70.20

Meta Platforms'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
=	( (4446.533	+	3482.2)	/	2 )	/	6108.8	*	365 / 4
=	3964.3665					/	6108.8	*	365 / 4
=	59.22

Meta Platforms Days Payable Related Terms

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Meta Platforms (FRA:FB2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Meta Platforms Inc (FRA:FB2A) » Definitions » Days Payable

Comparable Companies

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META:USA META:Peru META:Mexico FB:Italy FB2Ad:UK 0QZI:UK FB2A:Germany METACL:Chile META:Canada M1TA34:Brazil META:Austria

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Meta is the world's largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.

Meta Platforms (FRA:FB2A) Headlines

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