Mount Logan Capital (NEOE:MLC) Days Payable : 36.94 (As of Dec. 2023)

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What is Mount Logan Capital Days Payable?

Mount Logan Capital's average Accounts Payable for the three months ended in Dec. 2023 was C$19.7 Mil. Mount Logan Capital's Cost of Goods Sold for the three months ended in Dec. 2023 was C$48.6 Mil. Hence, Mount Logan Capital's Days Payable for the three months ended in Dec. 2023 was 36.94.

The historical rank and industry rank for Mount Logan Capital's Days Payable or its related term are showing as below:

NEOE:MLC' s Days Payable Range Over the Past 10 Years
Min: 42.69 Med: 297.19 Max: 1372.52
Current: 42.69

During the past 13 years, Mount Logan Capital's highest Days Payable was 1372.52. The lowest was 42.69. And the median was 297.19.

NEOE:MLC's Days Payable is ranked worse than
66.17% of 467 companies
in the Asset Management industry
Industry Median: 70.5 vs NEOE:MLC: 42.69

Mount Logan Capital's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (36.94). It may suggest that Mount Logan Capital delayed paying its suppliers.

Mount Logan Capital Days Payable Historical Data

The historical data trend for Mount Logan Capital'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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Mount Logan Capital Days Payable Chart

Mount Logan Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,372.52

74.39

297.19

64.78

Mount Logan Capital 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															-	73.54	19.85	32.17	36.94

Competitive Comparison of Mount Logan Capital's Days Payable

For the Asset Management subindustry, Mount Logan Capital'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.

Mount Logan Capital's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Mount Logan Capital's Days Payable distribution charts can be found below:

* The bar in red indicates where Mount Logan Capital's Days Payable falls into.

Mount Logan Capital 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.

Mount Logan Capital'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
=	( (33.414	+	17.556)	/	2 )	/	143.586	*	365
=	25.485					/	143.586	*	365
=	64.78

Mount Logan Capital'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
=	( (21.821	+	17.556)	/	2 )	/	48.629	*	365 / 4
=	19.6885					/	48.629	*	365 / 4
=	36.94

Mount Logan Capital Days Payable Related Terms

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Mount Logan Capital (NEOE:MLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mount Logan Capital Inc (NEOE:MLC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PYCFF:USA P31Q:Germany

Address

650 Madison Avenue, 23rd Floor, New York, NY, USA, 10022

Website

https://www.mountlogancapital.ca

Mount Logan Capital Inc operates as emerging asset management and investment firm primarily focused on investing in public and private debt securities in the North American market. It holds and actively manages and monitors a portfolio of loans and other investments with credit-oriented characteristics. It actively sources, evaluates, underwrites, monitors, and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present a low risk of principal impairment through the credit cycle. The company's investment objective is to achieve income and potential capital gains, with attractive risk adjusted return, low volatility, and low risk of principal impairment through the credit cycle.

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