Morningstar (STU:MRS) Days Payable: 38.44 (As of Mar. 2026) — 13% Above Median


STU:MRS Morningstar Inc STU:MRS
74 GF Score
Price €142.85
GF Value €306.09
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Morningstar Days Payable?

Morningstar STU:MRS +2.07% 74 Days Payable is 38.44 as of Mar. 2026, which is 13% above its 10-year median of 33.93. GuruFocus rates STU:MRS with a GF Score™ of 74/100 and a GF Value™ of €306.09 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 540 Capital Markets companies, Morningstar ranks worse than 63.7% on this metric.

Morningstar's average Accounts Payable for the three months ended in Mar. 2026 was €87 Mil. Morningstar's Cost of Goods Sold for the three months ended in Mar. 2026 was €207 Mil. Hence, Morningstar's Days Payable for the three months ended in Mar. 2026 was 38.44.

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

STU:MRS' s Days Payable Range Over the Past 10 Years
Min: 33.76   Med: 33.93   Max: 36.16
Current: 36.16

During the past 13 years, Morningstar's highest Days Payable was 36.16. The lowest was 33.76. And the median was 33.93.

STU:MRS's Days Payable is ranked worse than
63.7% of 540 companies
in the Capital Markets industry
Industry Median: 91.345 vs STU:MRS: 36.16

Morningstar's Days Payable increased from Mar. 2025 (36.03) to Mar. 2026 (38.44). It may suggest that Morningstar delayed paying its suppliers.


Morningstar Days Payable Historical Data

* Premium members only.

The historical data trend for Morningstar'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.

Morningstar Days Payable Chart

Morningstar 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 0.00 0.00 33.93 33.13 37.45

Morningstar 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 36.03 37.39 34.39 34.44 38.44

STU:MRS vs FDS, OTCM, VALU: Days Payable Comparison

For the Financial Data & Stock Exchanges subindustry, Morningstar'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.


Morningstar Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Morningstar's Days Payable distribution charts can be found below:

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


STU:MRS
74GF Score
Morningstar Inc STU:MRS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morningstar 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.

Morningstar'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
=( (83.372 + 83.607) / 2 ) / 813.777*365
=83.4895 / 813.777*365
=37.45

Morningstar'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
=( (83.607 + 90.479) / 2 ) / 206.649*365 / 4
=87.043 / 206.649*365 / 4
=38.44

* 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 38.44 mean?
Morningstar (STU:MRS) has a Days Payable of 38.44 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 Morningstar and its competitors. This is 13% above median its historical median of 33.93. Over the past decade, Morningstar's Days Payable has ranged from 33.76 to 36.16. According to the industry distribution chart, Morningstar ranks #344 out of 540 companies in the Capital Markets industry, placing it in the top 63.7%.
Is Morningstar's Days Payable too high?
Morningstar's current Days Payable of 38.44 is 13% above median its 10-year median of 33.93. Over the past 10 years, this metric has ranged from a low of 33.76 to a high of 36.16. The Capital Markets industry median Days Payable is 91.35. Morningstar's value of 38.44 is 57.9% below this industry median. Based on the distribution chart, Morningstar ranks #344 out of 540 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Morningstar has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morningstar's Days Payable compare to FDS and OTCM?
According to the Capital Markets industry distribution chart, Morningstar ranks #344 out of 540 companies for Days Payable. This places Morningstar in the lower half of its industry. The industry median Days Payable is 91.35. Morningstar's value of 38.44 is 57.9% below this benchmark. Historically, Morningstar's own Days Payable has ranged from 33.76 to 36.16 over the past decade. While the company's 10-year median is 33.93 vs. the industry median of 91.35, Morningstar 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 a Capital Markets company?
The median Days Payable among Capital Markets companies is 91.35, based on 540 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. Morningstar's current Days Payable of 38.44 is 57.9% 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 Morningstar and its competitors. For the Capital Markets industry, the median Days Payable is 91.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morningstar's current Days Payable is 38.44, which is 13% above median its own 10-year median of 33.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morningstar stock overvalued right now?
Based on GuruFocus' analysis, Morningstar (STU:MRS) is currently considered Significantly Undervalued. The stock's GF Value™ is €306.09, compared to a current price of €142.85 — trading 53.3% below its estimated fair value. The current Days Payable is 38.44, which is 13% above median its 10-year median of 33.93 and 57.9% below the Capital Markets industry median of 91.35. Morningstar's overall GF Score™ is 74/100 with 2 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 Morningstar (STU:MRS), the current Days Payable is 38.44 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 Morningstar (STU:MRS) Overvalued in 2026?

Based on GuruFocus' analysis, Morningstar stock appears to be undervalued. The current stock price of €142.85 is trading 53.3% below its estimated GF Value™ of €306.09. GuruFocus considers Morningstar to be Significantly Undervalued.

Key valuation signals for STU:MRS:

  • Days Payable: 38.44 (13% above median its 10-year median of 33.93)
  • GF Value™: €306.09 vs. price of €142.85 (53.3% below fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 57.9% below the Capital Markets median (#344 of 540)

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


Morningstar Business Description

Other Exchanges MORN:USA
Address 22 West Washington Street, Chicago, IL, USA, 60602
Morningstar Inc is a provider of independent investment insights to financial advisers, asset managers, and investors. It provides data and research insights on various investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time market data. The company has five reportable segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. Maximum revenue is derived from the Morningstar Direct Platform, which provides investors with comprehensive data, research, insights, and investment analysis through product areas such as Morningstar Data, Morningstar Direct, and Morningstar Advisor Workstation. Geographically, it generates maximum revenue from the USA.
74GF Score

Get the complete analysis for STU:MRS

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

€142.85
Price
€306.09
GF Value