Fortune Brands Innovations Inc. (FBIN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.06 | 6.62 | 5.06 | 2.35 | 8.07 | |
| Number of days of payables | days | 51.69 | 55.15 | 72.09 | 155.46 | 45.23 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.06
= 51.69
The number of days of payables for Fortune Brands Innovations Inc. has exhibited fluctuations over the past five years.
In 2023, the company's number of days of payables decreased to 51.69 days from 55.15 days in 2022, indicating that the company took fewer days to pay its suppliers compared to the previous year. This could suggest a more efficient management of trade credit terms or better working capital management.
The trend in the previous years shows some variability. In 2022, the number of days of payables increased significantly to 55.15 days from 72.09 days in 2021. This may indicate that the company took longer to pay its suppliers in 2022 compared to 2021.
In 2021, there was a notable decrease in the number of days of payables to 72.09 days from 155.46 days in 2020. This substantial decrease could be due to better negotiation of payment terms or improved cash flow management.
However, in 2020, the number of days of payables increased significantly to 155.46 days from 45.23 days in 2019. This considerable rise indicates that the company took longer to settle its payables in 2020 compared to 2019, which may have implications for its supplier relationships and cash flow management.
Overall, the analysis of Fortune Brands Innovations Inc.'s number of days of payables reveals fluctuations over the years, indicating varying approaches to managing trade credit terms and supplier payments.
Peer comparison
Dec 31, 2023