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ORBCOMM (ORBCOMM) Days Payable

: 44.42 (As of Jun. 2021)
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ORBCOMM's average Accounts Payable for the three months ended in Jun. 2021 was $17.2 Mil. ORBCOMM's Cost of Goods Sold for the three months ended in Jun. 2021 was $35.3 Mil. Hence, ORBCOMM's Days Payable for the three months ended in Jun. 2021 was 44.42.

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

ORBC's Days Payable is not ranked *
in the Telecommunication Services industry.
Industry Median: 106.28
* Ranked among companies with meaningful Days Payable only.

ORBCOMM's Days Payable declined from Jun. 2020 (45.06) to Jun. 2021 (44.42). It may suggest that ORBCOMM accelerated paying its suppliers.


ORBCOMM Days Payable Historical Data

The historical data trend for ORBCOMM'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.

ORBCOMM Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.79 50.77 55.79 45.05 49.38

ORBCOMM Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.06 38.97 42.73 46.77 44.42

Competitive Comparison

For the Telecom Services subindustry, ORBCOMM'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.


ORBCOMM Days Payable Distribution

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

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



ORBCOMM 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.

ORBCOMM's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (16.722 + 14.323) / 2 ) / 114.726*365
=15.5225 / 114.726*365
=49.38

ORBCOMM's Days Payable for the quarter that ended in Jun. 2021 is calculated as:

Days Payable (Q: Jun. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2021 ) + Accounts Payable (Q: Jun. 2021 )) / count ) / Cost of Goods Sold (Q: Jun. 2021 )*Days in Period
=( (18.787 + 15.588) / 2 ) / 35.308*365 / 4
=17.1875 / 35.308*365 / 4
=44.42

* 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.


ORBCOMM Days Payable Related Terms

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ORBCOMM (ORBCOMM) Business Description

Traded in Other Exchanges
N/A
Address
395 W. Passaic Street, Suite 325, Rochelle Park, NJ, USA, 07662
ORBCOMM Inc is a satellite communications company that primarily provides machine-to-machine communication, which is designed to track, monitor, and control fixed and mobile assets. The company operates in such markets as transportation and distribution, heavy equipment, industrial fixed assets, oil and gas, maritime, mining, and government. The company earns revenue across the United States, South America, Japan, and Europe, with the majority from the U.S. The company owns telecommunications infrastructure, specifically low Earth orbit satellites and accompanying ground infrastructure.
Executives
Karen O. Gould director C/O ORBCOMM INC. 395 W. PASSAIC STREET ROCHELLE PARK NJ 07662
Denise W. Gibson director 140 SCHOOL STREET, LIBERTYVILLE IL 60048
Milcos Constantine officer: EVP and CFO C/O ORBCOMM, INC., 395 W. PASSAIC STREET SUITE 325 ROCHELLE PARK NJ 07662
Craig Malone officer: EVP of Product Development C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Marc Eisenberg officer: Chief Marketing Officer C/O ORBCOMM INC., 395 W PASSAIC STREET, SUITE 325, ROCHELLE PARK NJ 07662
Brun Christian Le officer: EVP, General Counsel & Sec. C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Stolte John J Jr officer: EVP-Technology & Operations C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Jerome B Eisenberg director, officer: Chairman, CEO and President C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Adage Capital Partners Gp, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
John E Major director C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254
Timothy Kelleher director C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Phillip Gross 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Robert Atchinson 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Advisors, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Partners, L.p. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116