Meta Materials (FRA:V00) Days Payable : 1,241.42 (As of Mar. 2024)

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What is Meta Materials Days Payable?

Meta Materials's average Accounts Payable for the three months ended in Mar. 2024 was €9.17 Mil. Meta Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.67 Mil. Hence, Meta Materials's Days Payable for the three months ended in Mar. 2024 was 1,241.42.

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

FRA:V00' s Days Payable Range Over the Past 10 Years
Min: 959.09 Med: 2806.3 Max: 357700
Current: 1298.27

During the past 5 years, Meta Materials's highest Days Payable was 357700.00. The lowest was 959.09. And the median was 2806.30.

FRA:V00's Days Payable is ranked better than
99.01% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs FRA:V00: 1298.27

Meta Materials's Days Payable declined from Mar. 2023 (1,403.10) to Mar. 2024 (1,241.42). It may suggest that Meta Materials accelerated paying its suppliers.

Meta Materials Days Payable Historical Data

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.

* Premium members only.

Meta Materials Days Payable Chart

Meta Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

441,102.50

4,339.11

1,168.67

970.54

Meta Materials Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												1,403.10	1,629.21	1,275.11	1,000.15	1,241.42

Competitive Comparison of Meta Materials's Days Payable

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's Days Payable Distribution in the 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.

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
=	( (6.552	+	9.418)	/	2 )	/	3.003	*	365
=	7.985					/	3.003	*	365
=	970.54

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
=	( (9.418	+	8.921)	/	2 )	/	0.674	*	365 / 4
=	9.1695					/	0.674	*	365 / 4
=	1,241.42

Meta Materials Days Payable Related Terms

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Meta Materials (FRA:V00) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Meta Materials Inc (FRA:V00) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MMAT:USA

Address

60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9

Website

https://www.metamaterial.com

Meta Materials Inc delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Its extensive technology platform enables global 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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