Molina Healthcare (Molina Healthcare) Days Payable : 12.39 (As of Mar. 2024)

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What is Molina Healthcare Days Payable?

Molina Healthcare's average Accounts Payable for the three months ended in Mar. 2024 was $1,183 Mil. Molina Healthcare's Cost of Goods Sold for the three months ended in Mar. 2024 was $8,711 Mil. Hence, Molina Healthcare's Days Payable for the three months ended in Mar. 2024 was 12.39.

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

MOH' s Days Payable Range Over the Past 10 Years
Min: 7.61 Med: 10.88 Max: 13.14
Current: 11.85

During the past 13 years, Molina Healthcare's highest Days Payable was 13.14. The lowest was 7.61. And the median was 10.88.

MOH's Days Payable is ranked worse than
75% of 16 companies
in the Healthcare Plans industry
Industry Median: 35.725 vs MOH: 11.85

Molina Healthcare's Days Payable increased from Mar. 2023 (10.86) to Mar. 2024 (12.39). It may suggest that Molina Healthcare delayed paying its suppliers.

Molina Healthcare Days Payable Historical Data

The historical data trend for Molina Healthcare'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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Molina Healthcare Days Payable Chart

Molina Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11.31

12.46

11.05

11.26

13.14

Molina Healthcare Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															10.86	10.41	11.87	13.35	12.39

Competitive Comparison of Molina Healthcare's Days Payable

For the Healthcare Plans subindustry, Molina Healthcare'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.

Molina Healthcare's Days Payable Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Molina Healthcare's Days Payable distribution charts can be found below:

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

Molina Healthcare 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.

Molina Healthcare'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
=	( (889	+	1252)	/	2 )	/	29738	*	365
=	1070.5					/	29738	*	365
=	13.14

Molina Healthcare'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
=	( (1252	+	1114)	/	2 )	/	8711	*	365 / 4
=	1183					/	8711	*	365 / 4
=	12.39

Molina Healthcare Days Payable Related Terms

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Molina Healthcare (Molina Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Molina Healthcare Inc (NYSE:MOH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MHG:Germany MHG:Germany

Address

200 Oceangate, Suite 100, Long Beach, CA, USA, 90802

Website

https://www.molinahealthcare.com

Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). In addition to its Health Plans segment, Molina has a Medicaid,Medicare, and Marketplace segment that represent the government-funded or sponsored programs under their management information systems. Molina's Medicaid plans receive revenue on a per-member per-month basis from state government agencies, and its Medicare Advantage plans receive revenue from managed care plans that contract with the Centers for Medicaid and Medicare (CMS). Molina also provides plans through health insurance exchanges.

Executives

Ronna Romney	director
Steven J Orlando	director
Maurice Hebert	officer: Chief Accounting Officer	C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634
Marc Russo	officer: Executive Vice President	C/O WELLCARE HEALTH PLANS, INC., 8725 HENDERSON ROAD, REN. 1, TAMPA FL 33634
Jeff D. Barlow	officer: Chief Legal Officer	300 UNIVERSITY AVENUE, SUITE 100, SACRAMENTO CA 95825
Barbara L Brasier	director	C/O MEADWESTVACO CORP, ONE HIGH RIDGE PARK, STAMFORD CT 06905
Daniel Cooperman	director	DANIEL COOPERMAN, 930 CULEBRA ROAD, HILLSBOROUGH CA 94010
Dale B Wolf	director
Richard M Schapiro	director	300 UNIVERSITY AVENUE, SUITE 100, SACRAMENTO CA 95825
Joseph M Zubretsky	director, officer: President & CEO	C/O THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653
Mark Lowell Keim	officer: Executive Vice President	440 LINCOLN STREET, E-6, WORCESTER MA 01653
James Woys	officer: Executive Vice President	21650 OXNARD STREET, 22ND FLOOR, WOODLAND HILLS CA 91367
Thomas L Tran	officer: Chief Financial Officer	8735 HENDERSON ROAD, TAMPA FL 33625
Stephen H Lockhart	director	C/O NATIONAL RESEARCH CORPORATION, 1245 Q STREET, LINCOLN NE 68508
Garrey Carruthers	director	5258 REDMAN RD., LAS CRUCES NM 88011