ModivCare Days Payables Outstanding from 2010 to 2024

MODV Stock  USD 17.79  0.32  1.83%   
ModivCare Days Payables Outstanding yearly trend continues to be fairly stable with very little volatility. Days Payables Outstanding will likely drop to 7.25 in 2024. During the period from 2010 to 2024, ModivCare Days Payables Outstanding regression line of quarterly data had mean square error of  54.63 and geometric mean of  3.44. View All Fundamentals
 
Days Payables Outstanding  
First Reported
2010-12-31
Previous Quarter
8.75045894
Current Value
7.25
Quarterly Volatility
7.34116198
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ModivCare financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ModivCare's main balance sheet or income statement drivers, such as Interest Expense of 72.6 M, Selling General Administrative of 289.3 M or Total Revenue of 2.9 B, as well as many indicators such as Price To Sales Ratio of 0.22, Dividend Yield of 0.0527 or PTB Ratio of 3.79. ModivCare financial statements analysis is a perfect complement when working with ModivCare Valuation or Volatility modules.
  
Check out the analysis of ModivCare Correlation against competitors.
For more information on how to buy ModivCare Stock please use our How to Invest in ModivCare guide.

Latest ModivCare's Days Payables Outstanding Growth Pattern

Below is the plot of the Days Payables Outstanding of ModivCare over the last few years. It is ModivCare's Days Payables Outstanding historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ModivCare's overall financial position and show how it may be relating to other accounts over time.
Days Payables Outstanding10 Years Trend
Pretty Stable
   Days Payables Outstanding   
       Timeline  

ModivCare Days Payables Outstanding Regression Statistics

Arithmetic Mean6.36
Geometric Mean3.44
Coefficient Of Variation115.45
Mean Deviation4.89
Median2.86
Standard Deviation7.34
Sample Variance53.89
Range29.1525
R-Value(0.24)
Mean Square Error54.63
R-Squared0.06
Significance0.38
Slope(0.40)
Total Sum of Squares754.50

ModivCare Days Payables Outstanding History

2024 7.25
2023 8.75
2022 9.87
2021 2.0
2020 2.86
2019 2.55
2018 2.51

About ModivCare Financial Statements

ModivCare investors use historical fundamental indicators, such as ModivCare's Days Payables Outstanding, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in ModivCare. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Payables Outstanding 8.75  7.25 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for ModivCare Stock Analysis

When running ModivCare's price analysis, check to measure ModivCare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ModivCare is operating at the current time. Most of ModivCare's value examination focuses on studying past and present price action to predict the probability of ModivCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ModivCare's price. Additionally, you may evaluate how the addition of ModivCare to your portfolios can decrease your overall portfolio volatility.