Modern Times Group MTG AB (LTS:0GXJ) Days Payable: 40.83 (As of Mar. 2026) — 47% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0GXJ Modern Times Group MTG AB LTS:0GXJ
78 GF Score
Price kr124.20
GF Value kr173.18
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Modern Times Group MTG AB Days Payable?

Modern Times Group MTG AB LTS:0GXJ +0.89% 78 Days Payable is 40.83 as of Mar. 2026, which is 47% below its 10-year median of 77.13. GuruFocus rates LTS:0GXJ with a GF Score™ of 78/100 and a GF Value™ of kr173.18 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 429 Interactive Media companies, Modern Times Group MTG AB ranks worse than 65.27% on this metric.

Modern Times Group MTG AB's average Accounts Payable for the three months ended in Mar. 2026 was kr464 Mil. Modern Times Group MTG AB's Cost of Goods Sold for the three months ended in Mar. 2026 was kr1,037 Mil. Hence, Modern Times Group MTG AB's Days Payable for the three months ended in Mar. 2026 was 40.83.

The historical rank and industry rank for Modern Times Group MTG AB's Days Payable or its related term are showing as below:

LTS:0GXJ' s Days Payable Range Over the Past 10 Years
Min: 36.91   Med: 77.13   Max: 370.35
Current: 36.91

During the past 13 years, Modern Times Group MTG AB's highest Days Payable was 370.35. The lowest was 36.91. And the median was 77.13.

LTS:0GXJ's Days Payable is ranked worse than
65.27% of 429 companies
in the Interactive Media industry
Industry Median: 65.5 vs LTS:0GXJ: 36.91

Modern Times Group MTG AB's Days Payable increased from Mar. 2025 (39.80) to Mar. 2026 (40.83). It may suggest that Modern Times Group MTG AB delayed paying its suppliers.


Modern Times Group MTG AB Days Payable Historical Data

* Premium members only.

The historical data trend for Modern Times Group MTG AB'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.

Modern Times Group MTG AB Days Payable Chart

Modern Times Group MTG AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.72 83.16 60.99 82.50 39.35

Modern Times Group MTG AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.80 0.00 0.00 42.17 40.83

LTS:0GXJ vs NTES, EA, TTWO: Days Payable Comparison

For the Electronic Gaming & Multimedia subindustry, Modern Times Group MTG AB'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.


Modern Times Group MTG AB Days Payable vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Modern Times Group MTG AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Modern Times Group MTG AB's Days Payable falls into.


LTS:0GXJ
78GF Score
Modern Times Group MTG AB LTS:0GXJ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modern Times Group MTG AB 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.

Modern Times Group MTG AB's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (386 + 464) / 2 ) / 3942*365
=425 / 3942*365
=39.35

Modern Times Group MTG AB's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (464 + 0) / 1 ) / 1037*365 / 4
=464 / 1037*365 / 4
=40.83

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 40.83 mean?
Modern Times Group MTG AB (LTS:0GXJ) has a Days Payable of 40.83 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Modern Times Group MTG AB and its competitors. This is 47% below median its historical median of 77.13. Over the past decade, Modern Times Group MTG AB's Days Payable has ranged from 36.91 to 370.35. According to the industry distribution chart, Modern Times Group MTG AB ranks #280 out of 429 companies in the Interactive Media industry, placing it in the top 65.3%.
Is Modern Times Group MTG AB's Days Payable too high?
Modern Times Group MTG AB's current Days Payable of 40.83 is 47% below median its 10-year median of 77.13. Over the past 10 years, this metric has ranged from a low of 36.91 to a high of 370.35. The Interactive Media industry median Days Payable is 65.50. Modern Times Group MTG AB's value of 40.83 is 37.7% below this industry median. Based on the distribution chart, Modern Times Group MTG AB ranks #280 out of 429 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Modern Times Group MTG AB has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Modern Times Group MTG AB's Days Payable compare to NTES and EA?
According to the Interactive Media industry distribution chart, Modern Times Group MTG AB ranks #280 out of 429 companies for Days Payable. This places Modern Times Group MTG AB in the lower half of its industry. The industry median Days Payable is 65.50. Modern Times Group MTG AB's value of 40.83 is 37.7% below this benchmark. Historically, Modern Times Group MTG AB's own Days Payable has ranged from 36.91 to 370.35 over the past decade. While the company's 10-year median is 77.13 vs. the industry median of 65.50, Modern Times Group MTG AB has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Interactive Media company?
The median Days Payable among Interactive Media companies is 65.50, based on 429 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Modern Times Group MTG AB's current Days Payable of 40.83 is 37.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Modern Times Group MTG AB and its competitors. For the Interactive Media industry, the median Days Payable is 65.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Times Group MTG AB's current Days Payable is 40.83, which is 47% below median its own 10-year median of 77.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Times Group MTG AB stock overvalued right now?
Based on GuruFocus' analysis, Modern Times Group MTG AB (LTS:0GXJ) is currently considered Modestly Undervalued. The stock's GF Value™ is kr173.18, compared to a current price of kr124.20 — trading 28.3% below its estimated fair value. The current Days Payable is 40.83, which is 47% below median its 10-year median of 77.13 and 37.7% below the Interactive Media industry median of 65.50. Modern Times Group MTG AB's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Modern Times Group MTG AB (LTS:0GXJ), the current Days Payable is 40.83 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Modern Times Group MTG AB (LTS:0GXJ) Overvalued in 2026?

Based on GuruFocus' analysis, Modern Times Group MTG AB stock appears to be undervalued. The current stock price of kr124.20 is trading 28.3% below its estimated GF Value™ of kr173.18. GuruFocus considers Modern Times Group MTG AB to be Modestly Undervalued.

Key valuation signals for LTS:0GXJ:

  • Days Payable: 40.83 (47% below median its 10-year median of 77.13)
  • GF Value™: kr173.18 vs. price of kr124.20 (28.3% below fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 37.7% below the Interactive Media median (#280 of 429)

No single metric tells the full story. See the LTS:0GXJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Modern Times Group MTG AB Business Description

Address Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13
Modern Times Group MTG AB owns and operates gaming companies and studios with popular IPs across a wide range of casual and mid-core genres. The company's portfolio covers a wide range of evergreen gaming franchises like RAID: Shadow Legends, Forge of Empires, Top Drives, and Bloons, as well as word games like CrossWord Jam and WordTrip. Its games generate revenues through in-app purchases, advertising, and from third-party distribution platforms. It operates in a single business segment.
78GF Score

Get the complete analysis for LTS:0GXJ

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr124.20
Price
kr173.18
GF Value