Mercury Systems Inc (MRCY)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.89 | 6.32 | 6.01 | 11.24 | 10.50 | |
| Number of days of payables | days | 46.28 | 57.76 | 60.71 | 32.48 | 34.76 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.89
= 46.28
Mercury Systems Inc's number of days of payables have fluctuated over the past five years, ranging from 32.48 days to 60.71 days. The trend indicates variations in the company's ability to pay its suppliers within a specific time frame. In the most recent financial year ended June 30, 2024, Mercury Systems Inc improved its payment efficiency by reducing the number of days of payables to 46.28 days compared to the previous year's 57.76 days. This suggests that the company may be managing its payables more effectively, potentially negotiating better payment terms with its suppliers or improving its working capital management. It would be beneficial for investors and stakeholders to closely monitor this metric in future periods to assess the company's financial health and operational efficiency.
Peer comparison
Jun 30, 2024