Fastenal Company (FAST)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 21.02 | 19.79 | 20.19 | 21.26 | 22.07 | 21.03 | 21.95 | 21.21 | 21.72 | 19.50 | 17.88 | 17.28 | 20.59 | 18.15 | 19.27 | 21.17 | 21.79 | 21.17 | 22.81 | 20.40 | |
| Number of days of payables | days | 17.37 | 18.44 | 18.07 | 17.17 | 16.54 | 17.35 | 16.63 | 17.21 | 16.81 | 18.71 | 20.42 | 21.13 | 17.73 | 20.11 | 18.94 | 17.24 | 16.75 | 17.24 | 16.01 | 17.89 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.02
= 17.37
Fastenal Company's number of days of payables has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The average number of days of payables during this timeframe is approximately 17.68 days, indicating that the company takes around 17 to 18 days, on average, to pay its suppliers.
The trend in the number of days of payables has not followed a consistent pattern but there are some observable trends. There was a slight decrease from June 2020 to December 2020, followed by an increase up to June 2021. Subsequently, there was a significant jump in the number of days of payables by September 2021, reaching a peak of 20.11 days. From that point onwards, there has been some fluctuation in the number of days of payables but mostly within the range of 16 to 21 days.
Analyzing this metric in conjunction with other financial ratios and industry benchmarks would provide a more comprehensive understanding of Fastenal Company's payment practices and financial performance.
Peer comparison
Dec 31, 2024