Manning & Napier (Manning & Napier) Days Payable : 10.85 (As of Jun. 2022)

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What is Manning & Napier Days Payable?

Manning & Napier's average Accounts Payable for the three months ended in Jun. 2022 was $2.0 Mil. Manning & Napier's Cost of Goods Sold for the three months ended in Jun. 2022 was $16.7 Mil. Hence, Manning & Napier's Days Payable for the three months ended in Jun. 2022 was 10.85.

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

MN's Days Payable is not ranked ^*
in the Asset Management industry.
Industry Median: 70.5
* Ranked among companies with meaningful Days Payable only.

Manning & Napier's Days Payable increased from Jun. 2021 (9.17) to Jun. 2022 (10.85). It may suggest that Manning & Napier delayed paying its suppliers.

Manning & Napier Days Payable Historical Data

The historical data trend for Manning & Napier'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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Manning & Napier Days Payable Chart

Manning & Napier Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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9.21

5.98

6.75

7.33

7.80

Manning & Napier Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Days Payable	Get a 7-Day Free Trial															9.17	8.88	8.99	7.34	10.85

Competitive Comparison of Manning & Napier's Days Payable

For the Asset Management subindustry, Manning & Napier'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.

Manning & Napier's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Manning & Napier's Days Payable distribution charts can be found below:

* The bar in red indicates where Manning & Napier's Days Payable falls into.

Manning & Napier 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.

Manning & Napier's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (1.787	+	1.791)	/	2 )	/	83.707	*	365
=	1.789					/	83.707	*	365
=	7.80

Manning & Napier's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

	Days Payable (Q: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2022 )	+	Accounts Payable (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (1.909	+	2.067)	/	2 )	/	16.719	*	365 / 4
=	1.988					/	16.719	*	365 / 4
=	10.85

Manning & Napier Days Payable Related Terms

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Manning & Napier (Manning & Napier) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Manning & Napier Inc (NYSE:MN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

290 Woodcliff Drive, Fairport, NY, USA, 14450

Website

https://www.manning-napier.com

Manning & Napier Inc is an independent investment management firm. It provides investment management services through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services. It also offers equity, fixed income, and alternative strategies, as well as a range of blended asset portfolios, such as life cycle funds. The company offers its investment management capabilities primarily through direct sales to high net worth individuals and institutions, as well as through third-party intermediaries, platforms, and institutional investment consultants. The majority of the revenue is generated from the Management fees received.

Executives

Christopher Pickett Briley	officer: See Remarks	2050 STELCHEST DRIVE, WESTMINSTER MD 21157
Holder Lofton Phillip Jr	director	48 WEST 89TH STREET, NEW YORK NY 10024
Scott Morabito	officer: See Remarks	C/O MANNING & NAPIER, INC., 290 WOODCLIFF DRIVE, FAIRPORT NY 14450
Stacey Green	officer: See Remarks	C/O MANNING & NAPIER, INC., 290 WOODCLIFF DRIVE, FAIRPORT NY 14450
Ebrahim Busheri	officer: Director of Investments	180 BEACH DRIVE NE, UNIT 1102, ST. PETERSBURG FL 33701
Marc O Mayer	officer: Chief Executive Officer	C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
William Manning	director, officer: Chief Executive Officer	290 WOODCLIFF DRIVE, FAIRPORT NY 14450
Aaron Thomas Mcgreevy	officer: See Remarks	600 SINSBURY DRIVE EAST, WORTHINGTON OH 43085
Edward J Pettinella	director	C/O HOME PROPERTIES, 850 CLINTON SQUARE, ROCHESTER NY 14604
Gregory Woodard	officer: See Remarks	C/O MANNING & NAPIER, 290 WOODCLIFF DRIVE, FAIRPORT NY 14450
Robert Irving Kopech	director	C/O MANNING & NAPIER, INC., 290 WOODCLIFF DRIVE, FAIRPORT NY 14450
Thomas Roy Anderson	officer: See Remarks	1233 WATERFORD ROAD, WEST CHESTER PA 19380
Brunner Nicole Marie Kingsley	officer: See Remarks	39 DEER CREEK ROAD, PITTSFORD NY 14534
Antony John Desorbo	officer: See Remarks	8429 HOBNAIL ROAD, MANLIUS NY 13104
Sarah Christine Turner	officer: See Remarks	637 CONTEMPRI WAY, WEBSTER NY 14580