Iron Mountain (Iron Mountain) Days Payable : 74.96 (As of Dec. 2023)

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What is Iron Mountain Days Payable?

Iron Mountain's average Accounts Payable for the three months ended in Dec. 2023 was $494 Mil. Iron Mountain's Cost of Goods Sold for the three months ended in Dec. 2023 was $601 Mil. Hence, Iron Mountain's Days Payable for the three months ended in Dec. 2023 was 74.96.

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

IRM' s Days Payable Range Over the Past 10 Years
Min: 51.43 Med: 62.95 Max: 78.08
Current: 75.9

During the past 13 years, Iron Mountain's highest Days Payable was 78.08. The lowest was 51.43. And the median was 62.95.

IRM's Days Payable is ranked worse than
64.14% of 527 companies
in the REITs industry
Industry Median: 125.84 vs IRM: 75.90

Iron Mountain's Days Payable declined from Dec. 2022 (76.18) to Dec. 2023 (74.96). It may suggest that Iron Mountain accelerated paying its suppliers.

Iron Mountain Days Payable Historical Data

The historical data trend for Iron Mountain'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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Iron Mountain Days Payable Chart

Iron Mountain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.06

71.09

70.50

69.89

78.08

Iron Mountain Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															76.18	78.34	76.56	71.69	74.96

Competitive Comparison of Iron Mountain's Days Payable

For the REIT - Specialty subindustry, Iron Mountain'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.

Iron Mountain's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Iron Mountain's Days Payable distribution charts can be found below:

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

Iron Mountain 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.

Iron Mountain'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
=	( (469.198	+	539.594)	/	2 )	/	2357.8	*	365
=	504.396					/	2357.8	*	365
=	78.08

Iron Mountain'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
=	( (448.319	+	539.594)	/	2 )	/	601.329	*	365 / 4
=	493.9565					/	601.329	*	365 / 4
=	74.96

Iron Mountain Days Payable Related Terms

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Iron Mountain (Iron Mountain) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Iron Mountain Inc (NYSE:IRM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

I5M:Germany I5M:Germany I1RM34:Brazil

Address

85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801

Website

https://www.ironmountain.com

Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

Executives

William L Meaney	director, officer: President and CEO	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deborah Marson	officer: EVP, General Counsel, Sec.	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Robin Matlock	director	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Mark Kidd	officer: SVP, GM Data Centers	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Wing Cheung Hwang	officer: EVP&GM, Data Centers	C/O IRON MOUNTAIN INC., 85 NEW HAMPSHIRE AVE, SUITE 150, PORTSMOUTH NH 03801
John Tomovcsik	officer: EVP, G. Mgr., Rec. & Inf. Mgmt	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Edward Baker-greene	officer: EVP, CHRO	601 MERRITT 7, NORWALK CT 06851
Wendy J. Murdock	director	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Samuels Theodore R. Ii	director	1990 E. GRAND AVE., EL SEGUNDO CA 90245
Barry Hytinen	officer: EVP & CFO	1000 TEMPUR WAY, LEXINGTON KY 40502
Daniel Borges	officer: VP & Chief Accounting Officer	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Walter C Rakowich	director	14100 E 35TH PL, AURORA CO 80011
Jennifer Allerton	director	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Greg W Mcintosh	officer: EVP, Strategic Accounts	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deirdre Evens	officer: EVP and Chief of Operations	10 STILLMEADOW WAY, FRAMINGHAM MA 01702