MMATQ (Meta Materials) Days Payable: 1,242.83 (As of Mar. 2024)


MMATQ Meta Materials Inc MMATQ
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What is Meta Materials Days Payable?

Meta Materials MMATQ -99.00% 12 Days Payable is 1,242.83 as of Mar. 2024. GuruFocus rates MMATQ with a GF Score™ of 12/100.

Meta Materials's average Accounts Payable for the three months ended in Mar. 2024 was $9.98 Mil. Meta Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.73 Mil. Hence, Meta Materials's Days Payable for the three months ended in Mar. 2024 was 1,242.83.

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

MMATQ's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.935
* Ranked among companies with meaningful Days Payable only.

Meta Materials's Days Payable declined from Mar. 2023 (1,398.37) to Mar. 2024 (1,242.83). It may suggest that Meta Materials accelerated paying its suppliers.

Meta Materials Days Payable Historical Data

* Premium members only.

The historical data trend for Meta 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.

Meta Materials Days Payable Chart

Meta Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
0.00 357,700.00 4,393.77 1,218.83 959.09

Meta Materials Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1,398.37 1,619.30 1,285.14 989.41 1,242.83

MMATQ vs APH, TEL, GLW: Days Payable Comparison

For the Electronic Components subindustry, Meta 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.

Meta Materials Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Meta Materials's Days Payable distribution charts can be found below:

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


MMATQ
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Meta Materials Inc MMATQ
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Meta 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.

Meta 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
=( (6.941 + 10.27) / 2 ) / 3.275*365
=8.6055 / 3.275*365
=959.09

Meta 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
=( (10.27 + 9.697) / 2 ) / 0.733*365 / 4
=9.9835 / 0.733*365 / 4
=1,242.83

* 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 1,242.83 mean?
Meta Materials (MMATQ) has a Days Payable of 1,242.83 as of Mar. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Meta Materials and its competitors.
Is Meta Materials' Days Payable too high?
Meta Materials' current Days Payable is 1,242.83. The Hardware industry median Days Payable is 69.94. Meta Materials' value of 1,242.83 is 1677.1% above this industry median. Overall, Meta Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Meta Materials' Days Payable compare to APH and TEL?
Meta Materials' Days Payable of 1,242.83 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.94. Meta Materials' value of 1,242.83 is 1677.1% above this benchmark. 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 a Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,438 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. Meta Materials's current Days Payable of 1,242.83 is 1677.1% above 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 Meta Materials and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meta Materials's current Days Payable is 1,242.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Materials stock overvalued right now?
Meta Materials (MMATQ) has a current Days Payable of 1,242.83. The current Days Payable is 1,242.83 and 1677.1% above the Hardware industry median of 69.94. Meta Materials' overall GF Score™ is 12/100. 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 Meta Materials (MMATQ), the current Days Payable is 1,242.83 as of Mar. 2024. 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.

Meta Materials Business Description

Address 60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9
Meta Materials Inc delivers previously unachievable performance across a range of applications by inventing, designing, developing, and manufacturing sustainable, functional materials. Its extensive technology platform enables brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
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