Fastenal Company (FAST)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 21.02 | 22.07 | 21.72 | 20.61 | 21.82 | |
| Number of days of payables | days | 17.37 | 16.54 | 16.81 | 17.71 | 16.73 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.02
= 17.37
To analyze the trend in Fastenal Company's number of days of payables, we observe the following:
- As of December 31, 2020, the company took approximately 16.73 days, on average, to pay its suppliers.
- Over the following years, there was a slight increase in the number of days of payables, with figures of 17.71 days as of December 31, 2021, 16.81 days as of December 31, 2022, and 16.54 days as of December 31, 2023.
- However, by December 31, 2024, the number of days of payables increased to 17.37 days, surpassing the level seen at the end of 2023.
Overall, the trend in Fastenal Company's number of days of payables shows a fluctuation over the years, with a general increase from the end of 2020 to 2024, indicating a potential change in the company's payment practices or supplier relationships. Further analysis may be required to understand the reasons behind these fluctuations and their impact on the company's working capital management.
Peer comparison
Dec 31, 2024