Itron Inc (ITRI)
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 | 13.54 | 12.75 | 10.33 | 8.35 | 9.20 | 7.89 | 7.17 | 6.77 | 6.83 | 7.29 | 10.51 | 8.74 | 9.31 | 9.20 | 10.37 | 10.17 | 8.95 | 8.75 | 8.53 | 6.56 | |
| Number of days of payables | days | 26.96 | 28.63 | 35.34 | 43.69 | 39.68 | 46.27 | 50.88 | 53.89 | 53.46 | 50.09 | 34.72 | 41.74 | 39.20 | 39.66 | 35.19 | 35.88 | 40.78 | 41.69 | 42.77 | 55.60 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.54
= 26.96
The number of days of payables for Itron Inc has shown variability over the reported periods. The trend indicates a general decline in the number of days it takes for the company to pay its suppliers.
From March 31, 2020, which was 55.60 days, the number of days decreased to 26.96 days as of December 31, 2024. The decrease suggests that Itron Inc has been able to manage its payables more efficiently over time, possibly negotiating better payment terms with suppliers or improving internal processes.
It is crucial to monitor this ratio as a significant increase in the number of days of payables could indicate cash flow issues or potential strain on relationships with suppliers. Conversely, a substantial decrease could signal an aggressive approach to managing working capital, which might lead to liquidity concerns if not properly balanced.
Peer comparison
Dec 31, 2024