M3 (MTHRF) Days Payable : 120.63 (As of Sep. 2024)

View and export this data going back to 2014. Start your Free Trial

What is M3 Days Payable?

M3's average Accounts Payable for the three months ended in Sep. 2024 was $249 Mil. M3's Cost of Goods Sold for the three months ended in Sep. 2024 was $189 Mil. Hence, M3's Days Payable for the three months ended in Sep. 2024 was 120.63.

The historical rank and industry rank for M3's Days Payable or its related term are showing as below:

MTHRF' s Days Payable Range Over the Past 10 Years
Min: 61.54 Med: 100.31 Max: 133.12
Current: 126.16

During the past 13 years, M3's highest Days Payable was 133.12. The lowest was 61.54. And the median was 100.31.

MTHRF's Days Payable is ranked better than
76.05% of 593 companies
in the Healthcare Providers & Services industry
Industry Median: 57.56 vs MTHRF: 126.16

M3's Days Payable declined from Sep. 2023 (134.36) to Sep. 2024 (120.63). It may suggest that M3 accelerated paying its suppliers.

M3 Days Payable Historical Data

The historical data trend for M3'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.

M3 Days Payable Chart

M3 Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

98.52

105.45

110.51

125.05

140.49

M3 Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															134.36	126.23	132.12	138.60	120.63

Competitive Comparison of M3's Days Payable

For the Health Information Services subindustry, M3'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.

M3's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, M3's Days Payable distribution charts can be found below:

* The bar in red indicates where M3's Days Payable falls into.

M3 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.

M3's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (245.87	+	259.494)	/	2 )	/	656.474	*	365
=	252.682					/	656.474	*	365
=	140.49

M3's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	249.213)	/	1 )	/	188.516	*	365 / 4
=	249.213					/	188.516	*	365 / 4
=	120.63

M3 Days Payable Related Terms

Thank you for viewing the detailed overview of M3's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

M3 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » M3 Inc (OTCPK:MTHRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MTHRY:USA 2413:Japan 4YC:Germany

Address

Akasaka Intercity 10th floor, 1-11-44 Akasaka, Minato-ku, Tokyo, JPN, 105-0012

Website

http://corporate.m3.com

M3 Inc is a Japan-based company engaged in providing medical-related services through the use of the Internet. It also supports marketing of pharmaceutical companies and medical equipment manufacturers. The company's business segment includes, Medical Portal segment, Evidence Solution segment, Overseas segment, Clinical Platform segment, Sales Platform segment, and Others. The company generates the majority of its revenue from Medical Portal segment.