Mercury Systems Inc (MRCY)
Number of days of payables
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.31 | 7.89 | 6.32 | 6.01 | 11.24 | |
| Number of days of payables | days | 43.92 | 46.28 | 57.76 | 60.71 | 32.48 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.31
= 43.92
The analysis of Mercury Systems Inc.'s days payable outstanding (DPO) over the period from June 30, 2021, to June 30, 2025, indicates notable fluctuations in the company's payment practices. At the end of the fiscal year 2021, the company’s DPO was approximately 32.48 days, reflecting a relatively shorter period to settle its accounts payable obligations. This figure increased significantly in 2022, reaching approximately 60.71 days, which suggests a deliberate extension of payment terms or changes in vendors' payment agreements.
Following this peak in 2022, there was a slight reduction in 2023 to about 57.76 days, indicating a modest attempt to shorten the payable period but still maintaining an extended timeframe relative to 2021. Moving into 2024, the DPO decreased more substantially to approximately 46.28 days, and further declined in 2025 to approximately 43.92 days. These decreasing trends suggest that Mercury Systems Inc. has been progressively shortening its payables period, which might reflect improved cash flow management, renegotiated supplier terms, or strategic efforts to reduce working capital cycles.
Overall, the company’s days payable outstanding exhibited an upward trajectory during 2021 and 2022, followed by a consistent downward trend through 2024 and 2025, indicating a shift toward faster payments or more stringent payable policies in recent years.
Peer comparison
Jun 30, 2025