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Montrose Environmental Group Days Payable

: 17.93 (As of Dec. 2020)
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Montrose Environmental Group's average Accounts Payable for the three months ended in Dec. 2020 was $14.4 Mil. Montrose Environmental Group's Cost of Goods Sold for the three months ended in Dec. 2020 was $73.4 Mil. Hence, Montrose Environmental Group's Days Payable for the three months ended in Dec. 2020 was 17.93.

NYSE:MEG' s Days Payable Range Over the Past 10 Years
Min: 22.74   Med: 25.84   Max: 26.47
Current: 22.74

22.74
26.47

During the past 3 years, Montrose Environmental Group's highest Days Payable was 26.47. The lowest was 22.74. And the median was 25.84.

NYSE:MEG's Days Payable is ranked lower than
81% of the 186 Companies
in the Waste Management industry.

( Industry Median: 86.49 vs. NYSE:MEG: 22.74 )

Montrose Environmental Group's Days Payable declined from Dec. 2019 (28.74) to Dec. 2020 (17.93). It may suggest that Montrose Environmental Group accelerated paying its suppliers.


Montrose Environmental Group Days Payable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Montrose Environmental Group Annual Data
Dec18 Dec19 Dec20
Days Payable 23.70 26.47 25.84

Montrose Environmental Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.74 26.74 23.11 22.55 17.93

Competitive Comparison
* 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.


Montrose Environmental Group Days Payable Distribution

* 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. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (15.034 + 15.481) / 2 ) / 215.492*365
=15.2575 / 215.492*365
=25.84

Montrose Environmental Group's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

Days Payable (Q: Dec. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2020 ) + Accounts Payable (Q: Dec. 2020 )) / count ) / Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=( (13.36 + 15.481) / 2 ) / 73.377*365 / 4
=14.4205 / 73.377*365 / 4
=17.93

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Montrose Environmental Group Days Payable Related Terms


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