Itron Inc (ITRI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.53 | 9.20 | 6.81 | 9.32 | 8.95 | |
| Number of days of payables | days | 26.97 | 39.68 | 53.62 | 39.18 | 40.78 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.53
= 26.97
Itron Inc's number of days of payables has shown some fluctuation over the past five years. In December 2020, the company took an average of 40.78 days to pay its suppliers, which decreased slightly to 39.18 days by December 2021. However, by December 2022, the number of days of payables significantly increased to 53.62 days but then decreased again to 39.68 days by December 2023. In the most recent period, December 2024, Itron Inc's number of days of payables decreased further to 26.97 days. This indicates varying payment patterns towards suppliers, with a notable fluctuation in 2022. Overall, monitoring and managing the days of payables is essential for Itron Inc to maintain healthy relationships with suppliers and optimize its working capital management.
Peer comparison
Dec 31, 2024