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Ribbon Communications (Ribbon Communications) Days Payable : 79.07 (As of Mar. 2024)


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What is Ribbon Communications Days Payable?

Ribbon Communications's average Accounts Payable for the three months ended in Mar. 2024 was $76.0 Mil. Ribbon Communications's Cost of Goods Sold for the three months ended in Mar. 2024 was $87.7 Mil. Hence, Ribbon Communications's Days Payable for the three months ended in Mar. 2024 was 79.07.

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

RBBN' s Days Payable Range Over the Past 10 Years
Min: 26.79   Med: 64.53   Max: 84.07
Current: 73.42

During the past 13 years, Ribbon Communications's highest Days Payable was 84.07. The lowest was 26.79. And the median was 64.53.

RBBN's Days Payable is ranked worse than
62.07% of 348 companies
in the Telecommunication Services industry
Industry Median: 101.86 vs RBBN: 73.42

Ribbon Communications's Days Payable increased from Mar. 2023 (78.32) to Mar. 2024 (79.07). It may suggest that Ribbon Communications delayed paying its suppliers.


Ribbon Communications Days Payable Historical Data

The historical data trend for Ribbon Communications'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.

Ribbon Communications Days Payable Chart

Ribbon Communications Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.91 44.02 73.18 84.07 78.97

Ribbon Communications Quarterly Data
Jun19 Sep19 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 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 78.32 74.26 76.69 69.31 79.07

Competitive Comparison of Ribbon Communications's Days Payable

For the Telecom Services subindustry, Ribbon Communications'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.


Ribbon Communications's Days Payable Distribution in the Telecommunication Services Industry

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

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



Ribbon Communications 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.

Ribbon Communications'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
=( (95.81 + 85.164) / 2 ) / 418.256*365
=90.487 / 418.256*365
=78.97

Ribbon Communications'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
=( (85.164 + 66.847) / 2 ) / 87.709*365 / 4
=76.0055 / 87.709*365 / 4
=79.07

* 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.


Ribbon Communications Days Payable Related Terms

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Ribbon Communications (Ribbon Communications) Business Description

Traded in Other Exchanges
Address
6500 Chase Oaks Boulevard, Suite 100, Plano, TX, USA, 75023
Ribbon Communications Inc provides network solutions primarily to telecommunications, wireless and cable service providers worldwide. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. Its solutions enable its customers with a secure way to connect and leverage multivendor, multiprotocol communications systems and applications across their networks and the cloud, around the world and in a rapidly changing ecosystem of IP-enabled devices such as smartphones and tablets.
Executives
Miguel A Lopez officer: EVP, CFO HARRIS CORPORATION, 1025 W NASA BOULEVARD, MELBOURNE FL 32919
Bruce William Mcclelland director, officer: President & CEO 3871 LAKEFIELD DRIVE, SUWANEE GA 30024
Dan Redington officer: EVP of Global Sales 6500 CHASE OAKS BOULEVARD, SUITE 100, PLANO TX 75023
Scott Mair director 6500 CHASE OAKS BOULEVARD, SUITE 100, PLANO TX 75023
Swarth Investments Inc. 10 percent owner NEWPORT HOUSE, 15 THE GRANGE, ST PETER PORT Y7 GY1 4LA
Jpmorgan Chase & Co 10 percent owner 383 MADISON AVENUE, NEW YORK NY 10017
Sam Bucci officer: EVP & GM IP Optical Networks 3605 E PLANO PARKWAY, PLANO TX 75074
Bruns H Grayson director 950 WINTER STREET, WALTHAM MA 02451
Stephen J. Mccaffery officer: EVP EMEAS and APAC Sales VICTORIA ROAD, WEST YORKSHIRE, SALTAIRE X0 BD183LF
Eric S Marmurek officer: SVP, Finance & CAO C/O 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Patrick W Macken officer: EVP, Chief Legal Officer 4515 THREE CHIMNEYS LANE, CUMMING GA 30041
Beatriz V Infante director 4 TECHNOLOGY PARK DRIVE, SONUS NETWORKS, INC., WESTFORD MA 01886
Ewing R Stewart Jr director 100 CENTURETEL DRIVE, MONROE LA 71203
Steven M Bruny officer: EVP Sales, Americas C/O 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Shaul Shani director 4001 WEST PKWY, C/O SAPIENS USA INC, CURRY NC 27519