Itron (FRA:IT6) Days Payable : 48.42 (As of Mar. 2024)

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What is Itron Days Payable?

Itron's average Accounts Payable for the three months ended in Mar. 2024 was €194 Mil. Itron's Cost of Goods Sold for the three months ended in Mar. 2024 was €366 Mil. Hence, Itron's Days Payable for the three months ended in Mar. 2024 was 48.42.

The historical rank and industry rank for Itron's Days Payable or its related term are showing as below:

FRA:IT6' s Days Payable Range Over the Past 10 Years
Min: 48.45 Med: 56.88 Max: 66.54
Current: 57.05

During the past 13 years, Itron's highest Days Payable was 66.54. The lowest was 48.45. And the median was 56.88.

FRA:IT6's Days Payable is ranked worse than
60.45% of 2422 companies
in the Hardware industry
Industry Median: 67.885 vs FRA:IT6: 57.05

Itron's Days Payable declined from Mar. 2023 (65.36) to Mar. 2024 (48.42). It may suggest that Itron accelerated paying its suppliers.

Itron Days Payable Historical Data

The historical data trend for Itron's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Itron Days Payable Chart

Itron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.78

66.78

50.98

59.94

55.47

Itron Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															65.36	59.98	55.66	51.37	48.42

Competitive Comparison of Itron's Days Payable

For the Scientific & Technical Instruments subindustry, Itron's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Itron's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Itron's Days Payable distribution charts can be found below:

* The bar in red indicates where Itron's Days Payable falls into.

Itron Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Itron's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (223.896	+	182.96)	/	2 )	/	1338.567	*	365
=	203.428					/	1338.567	*	365
=	55.47

Itron's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (182.96	+	205.689)	/	2 )	/	366.218	*	365 / 4
=	194.3245					/	366.218	*	365 / 4
=	48.42

Itron Days Payable Related Terms

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Itron (FRA:IT6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Itron Inc (FRA:IT6) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ITRI:USA IT6:Germany

Address

2111 North Molter Road, Liberty Lake, WA, USA, 99019

Website

https://www.itron.com

Itron Inc provides solutions that measure, manage and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems.The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability.

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