Mercury Systems Inc (MRCY)
Number of days of payables
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.31 | 8.92 | 10.33 | 9.00 | 8.03 | 8.13 | 7.44 | 6.66 | 6.32 | 5.77 | 7.13 | 5.68 | 6.01 | 6.32 | 9.58 | 7.60 | 11.24 | 9.03 | 9.86 | 7.27 | |
| Number of days of payables | days | 43.92 | 40.93 | 35.33 | 40.54 | 45.47 | 44.88 | 49.04 | 54.81 | 57.76 | 63.30 | 51.22 | 64.22 | 60.71 | 57.73 | 38.09 | 48.01 | 32.48 | 40.42 | 37.02 | 50.21 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.31
= 43.92
The analysis of Mercury Systems Inc.'s number of days of payables over the period from September 2020 to June 2025 indicates a trajectory characterized by fluctuations with a general downward trend in recent periods. Initially, the company maintained a payable period of approximately 50.21 days as of September 2020. This figure declined steadily to 32.48 days by June 2021, suggesting a potential effort to accelerate supplier payments or improved cash flow management.
Subsequently, the payable days exhibited some volatility, reaching a peak of 64.22 days in September 2022. This increase may reflect extended payment terms negotiated with suppliers or temporary liquidity considerations. After this peak, a declining trend becomes apparent, with the payable period decreasing to 51.22 days by the end of 2022 and further reducing to 44.88 days as of March 2024.
In the subsequent quarters, the payable days fluctuated modestly, settling at 40.54 days in September 2024 and further decreasing to 35.33 days in December 2024. The latest data from March 2025 indicates a slight increase to 40.93 days, and the figure as of June 2025 is reported at 43.92 days.
Overall, the company's accounts payable days have shown significant variation across the observed periods, with a general trend towards shortening payable durations in recent times. This pattern may indicate improved liquidity management, renegotiation of payment terms, or strategic efforts to optimize cash flow. The fluctuations suggest responsiveness to operational or market conditions, aligning payable cycles with broader financial strategies.
Peer comparison
Jun 30, 2025