Quad M Solutions (Quad M Solutions) Days Payable : 0.00 (As of Jun. 2023)

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What is Quad M Solutions Days Payable?

Quad M Solutions's average Accounts Payable for the three months ended in Jun. 2023 was $0.39 Mil. Quad M Solutions's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.00 Mil.

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

MMMM' s Days Payable Range Over the Past 10 Years
Min: 0.14 Med: 0.5 Max: 13.05
Current: 13.05

During the past 7 years, Quad M Solutions's highest Days Payable was 13.05. The lowest was 0.14. And the median was 0.50.

MMMM's Days Payable is ranked worse than
80% of 50 companies
in the Insurance industry
Industry Median: 58.24 vs MMMM: 13.05

Quad M Solutions's Days Payable declined from Jun. 2022 (5.30) to Jun. 2023 (0.00). It may suggest that Quad M Solutions accelerated paying its suppliers.

Quad M Solutions Days Payable Historical Data

The historical data trend for Quad M Solutions'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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Quad M Solutions Days Payable Chart

Quad M Solutions Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec22

Days Payable

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0.50

0.14

4.31

Quad M Solutions Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															5.30	5.43	16.34	36,887.81	-

Competitive Comparison of Quad M Solutions's Days Payable

For the Insurance - Specialty subindustry, Quad M Solutions'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.

Quad M Solutions's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Quad M Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Quad M Solutions's Days Payable falls into.

Quad M Solutions 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.

Quad M Solutions's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.017	+	1.227)	/	2 )	/	52.7	*	365
=	0.622					/	52.7	*	365
=	4.31

Quad M Solutions's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.39	+	0.39)	/	2 )	/	0	*	365 / 4
=	0.39					/	0	*	365 / 4
=	N/A

Quad M Solutions Days Payable Related Terms

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Quad M Solutions (Quad M Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Quad M Solutions Inc (OTCPK:MMMM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 Belt Line Road, Suite 108E, Garland, TX, USA, 75040

Website

https://www.quadmsolutions.com

Quad M Solutions Inc along with its subsidiaries is engaged in the business of providing staffing services, back-office services including accounting, payroll and a full complement of HR benefits in its role as a Professional Employer Organization. Along with this, the company is also engaged in providing health plans and comprehensive benefits, insurance consulting services, re-insurance, employer retirement benefit services to small and medium-sized businesses. It generates revenue from staffing and business consulting services.

Executives

Delaine Hess Gruber

director, officer: president (effective 10/28/03

PO BOX 2796, COEUR D ALENE ID 83814