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GuruFocus has detected 3 Warning Signs with ORBCOMM Inc $ORBC.
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ORBCOMM Inc (NAS:ORBC)
Days Payable
50.06 (As of Dec. 2016)

ORBCOMM Inc's payable for the three months ended in Dec. 2016 was $12.5 Mil. ORBCOMM Inc's cost of goods sold for the three months ended in Dec. 2016 was $22.8 Mil. Hence, ORBCOMM Inc's days payable for the three months ended in Dec. 2016 was 50.06.

ORBC' s Days Payable Range Over the Past 10 Years
Min: 28.02   Max: 256.95
Current: 49.01

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 52.06.

ORBC's Days Payable is ranked lower than
61% of the 269 Companies
in the Global Telecom Services industry.

( Industry Median: 64.11 vs. ORBC: 49.01 )

ORBCOMM Inc's days payable declined from Dec. 2015 (58.78) to Dec. 2016 (50.06). 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=12.481/92.95*365
=49.01

ORBCOMM Inc's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=12.481/22.752*365 / 4
=50.06

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

ORBCOMM Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 88.34256.9535.5255.1142.9639.3628.0265.6056.0349.01

ORBCOMM Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 60.4945.3836.5337.9433.8658.7843.8949.3442.2550.06
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