Iridium Communications (Iridium Communications) Days Payable

: 35.37 (As of Dec. 2023)

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Iridium Communications's average Accounts Payable for the three months ended in Dec. 2023 was $21.6 Mil. Iridium Communications's Cost of Goods Sold for the three months ended in Dec. 2023 was $55.6 Mil. Hence, Iridium Communications's Days Payable for the three months ended in Dec. 2023 was 35.37.

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

IRDM' s Days Payable Range Over the Past 10 Years
Min: 24.62 Med: 44.23 Max: 88.81
Current: 36.64

During the past 13 years, Iridium Communications's highest Days Payable was 88.81. The lowest was 24.62. And the median was 44.23.

IRDM's Days Payable is ranked worse than
83% of 347 companies
in the Telecommunication Services industry
Industry Median: 106.28 vs IRDM: 36.64

Iridium Communications's Days Payable declined from Dec. 2022 (39.90) to Dec. 2023 (35.37). It may suggest that Iridium Communications accelerated paying its suppliers.

Iridium Communications Days Payable Historical Data

The historical data trend for Iridium Communications'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.

* Premium members only.

Iridium Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

24.62

26.99

37.11

34.08

40.57

Iridium Communications Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																39.90	32.24	42.95	33.06	35.37

Competitive Comparison

For the Telecom Services subindustry, Iridium Communications'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.

Iridium Communications Days Payable Distribution

For the Telecommunication Services industry and Communication Services sector, Iridium Communications's Days Payable distribution charts can be found below:

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

Iridium Communications 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.

Iridium Communications'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
=	( (21.372	+	28.671)	/	2 )	/	225.12	*	365
=	25.0215					/	225.12	*	365
=	40.57

Iridium Communications's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (14.44	+	28.671)	/	2 )	/	55.614	*	365 / 4
=	21.5555					/	55.614	*	365 / 4
=	35.37

Iridium Communications Days Payable Related Terms

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Iridium Communications (Iridium Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Iridium Communications Inc (NAS:IRDM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6IC:Germany 6IC:Germany

Address

1750 Tysons Boulevard, Suite 1400, McLean, VA, USA, 22102

Website

https://www.iridium.com

Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world.

Executives

Matthew J Desch	director, officer: Chief Executive Officer	C/O SAIC, 10260 CAMPUS POINT DR M/S F3, SAN DIEGO CA 92121
Jacqueline E Yeaney	director	2002 SUMMIT BOULEVARD, SUITE 100, ATLANTA GA 30319
Bryan J. Hartin	officer: EVP-Sales and Marketing	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Robert H Niehaus	director, officer: Senior Vice President	4747 GAILLARDIA PARKWAY, OKLAHOMA CITY OK 73142
Suzanne E. Mcbride	officer: Chief Operations Officer	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Barry West	director	NEXTEL, 2001 EDMUND HALLEY DR, RESTON VA 20191
Scott Scheimreif	officer: EVP-Government Programs	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Thomas C Canfield	director	C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Kathleen A. Morgan	officer: Chief Legal Officer	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA 22102
Thomas Fitzpatrick	officer: Chief Financial Officer	C/O CENTENNIAL COMMUNICATIONS CORP, 3349 RTE 138, WALL NJ 07719
Henrik O. Schliemann	director	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102
Timothy Kapalka	officer: VP Iridium Satellite LLC	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, MCLEAN VA 22102
Parker William Rush	director	5525 LBJ FREEWAY, DALLAS TX 75240
A B Krongard	director	C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230
Kay Sears	director	C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102