Leonardo DRS (Leonardo DRS) Days Payable : 52.70 (As of Mar. 2024)

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What is Leonardo DRS Days Payable?

Leonardo DRS's average Accounts Payable for the three months ended in Mar. 2024 was $309 Mil. Leonardo DRS's Cost of Goods Sold for the three months ended in Mar. 2024 was $535 Mil. Hence, Leonardo DRS's Days Payable for the three months ended in Mar. 2024 was 52.70.

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

DRS' s Days Payable Range Over the Past 10 Years
Min: 47.94 Med: 80.65 Max: 86.76
Current: 47.94

During the past 6 years, Leonardo DRS's highest Days Payable was 86.76. The lowest was 47.94. And the median was 80.65.

DRS's Days Payable is ranked worse than
67.34% of 297 companies
in the Aerospace & Defense industry
Industry Median: 75.31 vs DRS: 47.94

Leonardo DRS's Days Payable declined from Mar. 2023 (74.48) to Mar. 2024 (52.70). It may suggest that Leonardo DRS accelerated paying its suppliers.

Leonardo DRS Days Payable Historical Data

The historical data trend for Leonardo DRS'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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Leonardo DRS Days Payable Chart

Leonardo DRS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.76

81.02

74.89

80.65

71.64

Leonardo DRS Quarterly Data
	Dec18	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														74.48	51.77	52.12	46.26	52.70

Competitive Comparison of Leonardo DRS's Days Payable

For the Aerospace & Defense subindustry, Leonardo DRS'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.

Leonardo DRS's Days Payable Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Leonardo DRS's Days Payable distribution charts can be found below:

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

Leonardo DRS 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.

Leonardo DRS'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
=	( (457	+	398)	/	2 )	/	2178	*	365
=	427.5					/	2178	*	365
=	71.64

Leonardo DRS'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
=	( (398	+	220)	/	2 )	/	535	*	365 / 4
=	309					/	535	*	365 / 4
=	52.70

Leonardo DRS Days Payable Related Terms

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Leonardo DRS (Leonardo DRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo DRS Inc (NAS:DRS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2VZ:Germany

Address

2345 Crystal Drive, Suite 1000, Arlington, VA, USA, 22202

Website

https://www.leonardodrs.com

Leonardo DRS Inc is a provider of defense products and technologies that are used across land, air, sea, space and cyber domains. The diverse array of defense systems and solutions is offered to all branches of the U.S. military, aerospace and defense prime contractors, government intelligence agencies and international military customers for deployment on a wide range of military platforms.

Executives

Leonardo S.p.a	10 percent owner	PIAZZA MONTE GRAPPA 4, ROME L6 00195
Brothers Louis R Jr	director	REDWIRE CORPORATION, 8226 PHILIPS HIGHWAY, SUITE 101, JACKSONVILLE FL 32256
Gail Baker	director	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE SUITE 1000, ARLINGTON VA 22202
Leonardo Us Holding, Inc.	10 percent owner	1235 SOUTH CLARK STREET, SUITE 700, ARLINGTON VA 22202
George Casey	director	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 1000, ARLINGTON VA 22202
William Iii Lynn	director, officer: Chief Executive Officer	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 1000, ARLINGTON VA 22202
Pamela Morrow	officer: SVP and Controller	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 2000, ARLINGTON VA 22202
Michael Dippold	officer: EVP and CFO	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 1000, ARLINGTON VA 22202
Sally Wallace	officer: EVP, Business Operations	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 1000, ARLINGTON VA 22202
Mark Dorfman	officer: EVP, GC and Secretary	C/O LEONARDO DRS, INC., 2345 CRYSTAL DRIVE, SUITE 1000, ARLINGTON VA 22202
Frances F Townsend	director	C/O BAKER BOTTS LLP, THE WARNER, 1299 PENNSYLVANIA AVE., NW, WASHINGTON DC 20004-2400
David W Carey	director	10815 RANCHO BERNARDO RD.,, SUITE 310, SAN DIEGO CA 92127
Peter Marino	director	12701 FAIR LAKES CIRCLE, FAIRFAX VA 22033
Mary E Gallagher	director
Kenneth J Krieg	director	7111 XAVIER COURT, MCLEAN VA 22101