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ORBCOMM Inc (NAS:ORBC)
Days Payable
33.86 (As of Sep. 2015)

ORBCOMM Inc's payable for the three months ended in Sep. 2015 was $9.0 Mil. ORBCOMM Inc's cost of goods sold for the three months ended in Sep. 2015 was $24.2 Mil. Hence, ORBCOMM Inc's days payable for the three months ended in Sep. 2015 was 33.86.

ORBC' s Days Payable Range Over the Past 10 Years
Min: 28.02   Max: 256.95
Current: 37.85

28.02
256.95

During the past 13 years, ORBCOMM Inc's highest Days Payable was 256.95. The lowest was 28.02. And the median was 57.71.

ORBC's Days Payable is ranked lower than
68% of the 303 Companies
in the Global Telecom Services industry.

( Industry Median: 62.79 vs. ORBC: 37.85 )

ORBCOMM Inc's days payable declined from Sep. 2014 (60.49) to Sep. 2015 (33.86). It may suggest that ORBCOMM Inc accelerated paying its suppliers.


Definition

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

ORBCOMM Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=8.75/48.684*365
=65.60

ORBCOMM Inc's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=8.975/24.19*365 / 4
=33.86

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

ORBCOMM Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 67.0660.3188.34256.9535.5255.1142.9634.5928.0265.60

ORBCOMM Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysPayable 29.6128.4326.1845.2160.6360.4945.3836.5337.9433.86
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