Magnite (Magnite) Days Payable : 1,704.92 (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Magnite Days Payable?

Magnite's average Accounts Payable for the three months ended in Mar. 2024 was $1,231.3 Mil. Magnite's Cost of Goods Sold for the three months ended in Mar. 2024 was $65.9 Mil. Hence, Magnite's Days Payable for the three months ended in Mar. 2024 was 1,704.92.

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

MGNI' s Days Payable Range Over the Past 10 Years
Min: 1083.69 Med: 1332.19 Max: 2276.9
Current: 1141.8

During the past 13 years, Magnite's highest Days Payable was 2276.90. The lowest was 1083.69. And the median was 1332.19.

MGNI's Days Payable is ranked better than
95.27% of 931 companies
in the Media - Diversified industry
Industry Median: 79.27 vs MGNI: 1141.80

Magnite's Days Payable increased from Mar. 2023 (735.29) to Mar. 2024 (1,704.92). It may suggest that Magnite delayed paying its suppliers.

Magnite Days Payable Historical Data

The historical data trend for Magnite'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.

Magnite Days Payable Chart

Magnite Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

1,546.27

1,759.55

1,339.37

1,223.97

1,083.69

Magnite 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															735.29	680.41	1,124.68	1,591.62	1,704.92

Competitive Comparison of Magnite's Days Payable

For the Advertising Agencies subindustry, Magnite'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.

Magnite's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Magnite's Days Payable distribution charts can be found below:

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

Magnite 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.

Magnite'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
=	( (1076.943	+	1357.086)	/	2 )	/	409.906	*	365
=	1217.0145					/	409.906	*	365
=	1,083.69

Magnite'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
=	( (1357.086	+	1105.552)	/	2 )	/	65.902	*	365 / 4
=	1231.319					/	65.902	*	365 / 4
=	1,704.92

Magnite Days Payable Related Terms

Thank you for viewing the detailed overview of Magnite's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Magnite (Magnite) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Magnite Inc (NAS:MGNI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MGNI:Mexico 15R:Germany

Address

1250 Broadway, 15th Floor, New York, NY, USA, 10001

Website

https://investor.magnite.com

Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.

Executives

Michael G. Barrett	director, officer: CEO	C/O THE RUBICON PROJECT, INC., 12181 BLUFF CREEK DRIVE, 4TH FLOOR, PLAYA VISTA CA 90094
David Buonasera	officer: Chief Technology Officer	C/O MAGNITE, INC., 1250 BROADWAY, 15TH FLOOR, NEW YORK NY 10001
Robert F Spillane	director	12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Sean Patrick Buckley	officer: Chief Revenue Officer, CTV	C/O MAGNITE, INC., 6080 CENTER DRIVE, 4TH FLOOR, LOS ANGELES CA 90045
Aaron Saltz	officer: General Counsel & Secy	C/O TELARIA INC., 222 BROADWAY, 16TH FLOOR, NEW YORK NY 10038
Adam Lee Soroca	officer: Head of Global Buyer Team	C/O THE RUBICON PROJECT, INC., 12181 BLUFF CREEK DR., 4TH FLOOR, PLAYA VISTA CA 90094
Katie Seitz Evans	officer: Chief Operating Officer	C/O TREMOR VIDEO, INC., 1501 BROADWAY, SUITE 801, NEW YORK NY 10036
David Day	officer: Chief Accounting Officer	21700 OXNARD STREET, SUITE 1600, WOODLAND HILLS CA 91367
Brian Gephart	officer: Chief Accounting Officer	1655 26TH STREET, SANTA MONICA CA 90404
Lisa L Troe	director	12181 BLUFF CREEK DRIVE, 4TH FLOOR, LOS ANGELES CA 90094
Rachel Lam	director	C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010
David T. Pearson	director	C/O VONAGE HOLDINGS CORP, 23 MAIN STREET, HOLMDEL NJ 07733
Diane Yu	director	C/O MAGNITE, INC., 1250 BROADWAY, 15TH FLOOR, NEW YORK NY 10001
Joseph R Prusz	officer: Global Chief Revenue Officer	C/O THE RUBICON PROJECT, INC., 12181 BLUFF CREEK DRIVE, 4TH FLOOR, PLAYA VISTA CA 90094
Paul Caine	director	C/O TREMOR VIDEO, INC., 53 WEST 23RD STREET, NEW YORK NY 10010