Iridium Communications Inc (IRDM)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | 8.89 | 12.40 | 10.32 | 6.36 | 5.06 | 10.22 | 5.89 | 5.82 | 5.85 | 4.09 | 7.81 | 6.99 | 6.30 | 9.29 | 9.76 | 9.42 | 6.36 | 12.59 | 10.88 | 10.38 | |
| Number of days of payables | days | 41.05 | 29.45 | 35.36 | 57.43 | 72.07 | 35.71 | 61.97 | 62.76 | 62.35 | 89.16 | 46.74 | 52.23 | 57.91 | 39.29 | 37.41 | 38.73 | 57.37 | 29.00 | 33.55 | 35.15 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.89
= 41.05
The number of days of payables for Iridium Communications Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The company's number of days of payables ranged from a low of 29.00 days on September 30, 2020, to a high of 89.16 days on September 30, 2022.
Generally, a lower number of days of payables indicates that the company is taking fewer days to pay its suppliers, which may signal a more efficient use of cash and stronger negotiating power with suppliers. Conversely, a higher number of days of payables may suggest that the company is taking longer to settle its payables, potentially indicating liquidity issues or strained supplier relationships.
In the latter part of the period, the number of days of payables decreased from 72.07 days on December 31, 2023, to 41.05 days on December 31, 2024. This decrease could reflect improvements in the company's working capital management or changes in its payment terms with suppliers.
Overall, monitoring the number of days of payables can provide insights into a company's cash flow management and its relationships with suppliers, highlighting areas that may require further attention or optimization.
Peer comparison
Dec 31, 2024