Itron Inc (ITRI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.20 | 6.81 | 9.32 | 8.95 | 6.61 | |
| Number of days of payables | days | 39.68 | 53.62 | 39.18 | 40.78 | 55.25 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.20
= 39.68
Itron Inc.'s number of days of payables has exhibited fluctuations over the past five years. The company's payables were managed more efficiently in 2023 with a decrease to 49.89 days compared to 67.98 days in 2022. This indicates that the company took fewer days to pay its suppliers in 2023.
In 2021, the number of days of payables was also relatively low at 50.05 days, showing good management of the company's payables. However, in 2020 and 2019, the number of days of payables increased to 50.09 days and 68.43 days, respectively, suggesting that the company took longer to pay its suppliers during those years.
Overall, a lower number of days of payables indicates more efficient management of payables, which can positively impact cash flow and working capital management for the company. Monitoring this ratio can provide insights into the company's payment practices and financial health.
Peer comparison
Dec 31, 2023