MP Materials (MP Materials) Days Payable : 45.76 (As of Mar. 2024)

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What is MP Materials Days Payable?

MP Materials's average Accounts Payable for the three months ended in Mar. 2024 was $27.1 Mil. MP Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was $54.0 Mil. Hence, MP Materials's Days Payable for the three months ended in Mar. 2024 was 45.76.

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

MP' s Days Payable Range Over the Past 10 Years
Min: 53.27 Med: 83.83 Max: 122.97
Current: 122.97

During the past 5 years, MP Materials's highest Days Payable was 122.97. The lowest was 53.27. And the median was 83.83.

MP's Days Payable is ranked worse than
50.52% of 1067 companies
in the Metals & Mining industry
Industry Median: 128.84 vs MP: 122.97

MP Materials's Days Payable declined from Mar. 2023 (118.37) to Mar. 2024 (45.76). It may suggest that MP Materials accelerated paying its suppliers.

MP Materials Days Payable Historical Data

The historical data trend for MP Materials'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.

* Premium members only.

MP Materials Days Payable Chart

MP Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

83.39

94.11

84.27

53.27

MP Materials Quarterly Data
	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													118.37	183.29	191.73	129.81	45.76

Competitive Comparison of MP Materials's Days Payable

For the Other Industrial Metals & Mining subindustry, MP Materials'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.

MP Materials's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MP Materials's Days Payable distribution charts can be found below:

* The bar in red indicates where MP Materials's Days Payable falls into.

MP Materials 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.

MP Materials'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
=	( (15.326	+	27.995)	/	2 )	/	148.423	*	365
=	21.6605					/	148.423	*	365
=	53.27

MP Materials'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
=	( (27.995	+	26.139)	/	2 )	/	53.979	*	365 / 4
=	27.067					/	53.979	*	365 / 4
=	45.76

MP Materials Days Payable Related Terms

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MP Materials (MP Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MP Materials Corp (NYSE:MP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MP:Mexico

Address

1700 S. Pavilion Center Drive, 8th Floor, Las Vegas, NV, USA, 89135

Website

https://www.mpmaterials.com

MP Materials Corp is the largest producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site ofscale in North America.

Executives

Michael Stuart Rosenthal	officer: Chief Operating Officer	1700 S. PAVILION CENTER DR., SUITE 800, LAS VEGAS NV 89135
James H. Litinsky	director, officer: Chairman and CEO	C/O MP MATERIALS CORP., 1700 S. PAVILION CENTER DRIVE, SUITE 800, LAS VEGAS NV 89135
Jhl Capital Group Llc	other: See Remarks	1500 N. HALSTED ST., SUITE 200, CHICAGO IL 60642
Arnold W Donald	director	C/O CARNIVAL CORPORATION, 3655 N.W. 87TH AVENUE, MIAMI FL 33178
Daniel Allen Gold	director	6720 VIA AUSTI PARKWAY, SUITE 450, LAS VEGAS NV 89119
Qvt Financial Lp	director, 10 percent owner, other: Director by Deputization	888 SEVENTH AVENUE, 43RD FLOOR, NEW YORK NY 10106
Ryan Corbett	officer: Chief Financial Officer	1700 S. PAVILION CENTER DR., SUITE 800, LAS VEGAS NV 89135
Duckworth Connie K	director	EIGHT WINGS ENTERPRISES, 77 STONE AGTE LANE, LAKE FOREST IL 60045
Andrew A. Mcknight	director, officer: Chief Executive Officer	ONE MARKET PLAZA, SPEAR TOWER 42ND FLOOR, SAN FRANCISCO CA 94123
Elliot Dean Hoops	officer: General Counsel and Secretary	1700 S. PAVILION CENTER DR., SUITE 800, LAS VEGAS NV 89135
Jhl Capital Group Holdings Two Llc	other: See Remarks	1500 N. HALSTED ST.,, SUITE 2000, CHICAGO IL 60642
Richard B Myers	director	C/O NORTHROP GRUMMAN CORPORATION, 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Randall J Weisenburger	director	C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019
Maryanne Lavan	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Sheila Bangalore	officer: CSO and General Counsel	6720 VIA AUSTI PARKWAY, SUITE 450, LAS VEGAS NV 89119