MP Materials Corp (MP)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 2.18 | — | — | — | 5.07 | — | — | — | — | — | — | — | — | ||||
| Number of days of payables | days | 167.76 | — | — | — | 72.04 | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.18
= 167.76
Based on the data provided for MP Materials Corporation, the number of days of payables was 110.21 days in Q4 2023. In previous periods, specific values for days of payables are not available as they are marked as "— days."
The number of days of payables indicates the average number of days it takes for the company to pay its suppliers for goods or services purchased on credit. A lower number of days of payables typically suggests that the company is paying its suppliers more quickly, while a higher number may indicate a slower payment cycle.
In this case, with 110.21 days of payables in Q4 2023, it appears that MP Materials Corporation takes around 110 days on average to pay its suppliers. Without further historical data for comparison, it is challenging to assess whether this current level of payables days is improving or deteriorating over time.
It would be advisable to monitor future periods and compare the number of days of payables to industry benchmarks or previous periods to gain a better understanding of MP Materials Corporation's payment practices and cash flow management.
Peer comparison
Dec 31, 2023