Fortune Brands Innovations Inc. (FBIN)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.53 | 7.06 | 6.62 | 5.06 | 2.35 | |
| Number of days of payables | days | 48.45 | 51.69 | 55.15 | 72.09 | 155.46 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.53
= 48.45
The number of days of payables for Fortune Brands Innovations Inc. has shown a decreasing trend over the past five years. As of December 31, 2020, the company took approximately 155.46 days to pay its payables, which decreased to 72.09 days by December 31, 2021. This downward trend continued as the number of days of payables further decreased to 55.15 days by December 31, 2022, 51.69 days by December 31, 2023, and finally, 48.45 days by December 31, 2024.
The decreasing number of days of payables indicates that the company has been able to manage its payables more efficiently over the years. A lower number of days of payables could suggest better cash flow management, improved vendor relationships, or possibly more favorable payment terms negotiated by the company. However, it is essential to assess this trend in conjunction with other financial metrics to gain a comprehensive understanding of Fortune Brands Innovations Inc.'s overall financial health and operational efficiency.
Peer comparison
Dec 31, 2024