3M Co (XTER:MMM) Days Payable : 69.93 (As of Sep. 2024)

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What is 3M Co Days Payable?

3M Co's average Accounts Payable for the three months ended in Sep. 2024 was €2,518 Mil. 3M Co's Cost of Goods Sold for the three months ended in Sep. 2024 was €3,286 Mil. Hence, 3M Co's Days Payable for the three months ended in Sep. 2024 was 69.93.

The historical rank and industry rank for 3M Co's Days Payable or its related term are showing as below:

XTER:MMM' s Days Payable Range Over the Past 10 Years
Min: 42.55 Med: 52.32 Max: 63.49
Current: 59

During the past 13 years, 3M Co's highest Days Payable was 63.49. The lowest was 42.55. And the median was 52.32.

XTER:MMM's Days Payable is ranked better than
51.63% of 492 companies
in the Conglomerates industry
Industry Median: 57.07 vs XTER:MMM: 59.00

3M Co's Days Payable declined from Sep. 2023 (77.19) to Sep. 2024 (69.93). It may suggest that 3M Co accelerated paying its suppliers.

3M Co Days Payable Historical Data

The historical data trend for 3M Co'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.

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3M Co Days Payable Chart

3M Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.30

54.96

52.17

56.84

64.42

3M Co 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															77.19	40.16	69.63	78.61	69.93

Competitive Comparison of 3M Co's Days Payable

For the Conglomerates subindustry, 3M Co'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.

3M Co's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, 3M Co's Days Payable distribution charts can be found below:

* The bar in red indicates where 3M Co's Days Payable falls into.

3M Co 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.

3M Co'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
=	( (3004.752	+	2975.665)	/	2 )	/	16943.409	*	365
=	2990.2085					/	16943.409	*	365
=	64.42

3M Co'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
=	( (2613.277	+	2422.789)	/	2 )	/	3285.947	*	365 / 4
=	2518.033					/	3285.947	*	365 / 4
=	69.93

3M Co Days Payable Related Terms

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3M Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MMM:USA MMM:Mexico 1MMM:Italy MMMd:UK MMM:Germany MMM:Germany MMM:Germany MMM:Switzerland MMMM:Canada MMMC34:Brazil MMM:Austria MMM:Argentina

Address

3M Center, St. Paul, MN, USA, 55144

Website

https://www.3m.com

3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.