Molekule Group (Molekule Group) Days Payable : 90.42 (As of Jun. 2023)

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What is Molekule Group Days Payable?

Molekule Group's average Accounts Payable for the three months ended in Jun. 2023 was $8.68 Mil. Molekule Group's Cost of Goods Sold for the three months ended in Jun. 2023 was $8.76 Mil. Hence, Molekule Group's Days Payable for the three months ended in Jun. 2023 was 90.42.

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

MKULQ' s Days Payable Range Over the Past 10 Years
Min: 119.58 Med: 3717.59 Max: 6757.39
Current: 119.58

During the past 4 years, Molekule Group's highest Days Payable was 6757.39. The lowest was 119.58. And the median was 3717.59.

MKULQ's Days Payable is ranked better than
70.41% of 2930 companies
in the Industrial Products industry
Industry Median: 76.275 vs MKULQ: 119.58

Molekule Group's Days Payable declined from Jun. 2022 (1,424.51) to Jun. 2023 (90.42). It may suggest that Molekule Group accelerated paying its suppliers.

Molekule Group Days Payable Historical Data

The historical data trend for Molekule Group'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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Molekule Group Days Payable Chart

Molekule Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

677.78

6,757.39

Molekule Group Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial									1,424.51	2,345.13	4,425.63	136.86	90.42

Competitive Comparison of Molekule Group's Days Payable

For the Pollution & Treatment Controls subindustry, Molekule Group'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.

Molekule Group's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Molekule Group's Days Payable distribution charts can be found below:

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

Molekule Group 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.

Molekule Group'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: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.927	+	3.22)	/	2 )	/	0.112	*	365
=	2.0735					/	0.112	*	365
=	6,757.39

Molekule Group'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
=	( (10.8	+	6.568)	/	2 )	/	8.764	*	365 / 4
=	8.684					/	8.764	*	365 / 4
=	90.42

Molekule Group Days Payable Related Terms

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Molekule Group (Molekule Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Molekule Group Inc (OTCPK:MKULQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10455 Riverside Drive, Palm Beach Gardens, FL, USA, 33410

Website

https://www.molekule.com

Molekule Group Inc is an interior space air purification technology company with an immediate objective of initiating full-scale commercialization of its high-performance interior air sterilization and disinfection products for the eradication of coronavirus and other harmful airborne pathogens. The Company was established to develop technology-driven, medical-grade air purification solutions for hospitals and other healthcare settings. Its air hygiene product, Purgo, is an FD medical device that provides continuous air filtration, sanitization, and supplemental ventilation solutions with technology that can be applied in any indoor space including in hospitals, offices, and even in elevators.

Executives

Ritankar Pal	officer: Chief Operating Officer	10455 RIVERSIDE DR., PALM BEACH GARDENS FL 33410
Jonathan Harris	officer: Chief Commercial Officer	3000 CLEARVIEW WAY, SAN MATEO CA 94402
Bradley A Feld	director	C/O FOUNDRY GROUP, 645 WALNUT ST., BOULDER CO 80302
Ryan A Mcintyre	10 percent owner
Seth Levine	10 percent owner	1050 WALNUT STREET, SUITE 210, BOULDER CO 80302
Fg Next Gp, Llc	10 percent owner	1050 WALNUT STREET, SUITE 210, BOULDER CO 80302
Foundry Group Next, L.p.	10 percent owner	C/O FOUNDRY GROUP, 1050 WALNUT STREET, SUITE 219, BOULDER CO 80302
Ward Jr Stephen M	director	C/O CARPENTER TECHNOLOGY CORP, PO BOX 14662, READING PA 19612
Timothy J Scannell	director	2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Heather Floyd	director	1300 CORPORATE CENTER WAY, WELLINGTON FL 33414
Thomas P Mccaffrey	director	1300 CORPORATE CENTER WAY, WELLINGTON FL 33414
Lewis C Pell	10 percent owner	C/O VISION SCIENCES INC, 6 STRATHMORE RD, NATICK MA 01760
Michael F Senft	director	1300 CORPORATE CENTER WAY, WELLINGTON FL 33414
Jason Dibona	officer: Chief Executive Officer	10455 RIVERSIDE DRIVE, PALM BEACH GARDEN FL 33410
David Helfet	director	10455 RIVERSIDE DRIVE, PALM BEACH GARDENS FL 33410