Fortune Brands Innovations Inc. (FBIN)
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 | 5.77 | 8.05 | 7.37 | 7.10 | 7.06 | 6.39 | 6.73 | 7.14 | 6.62 | 4.24 | 3.83 | 3.95 | 5.06 | 4.31 | 4.99 | 6.09 | 6.33 | 7.01 | 7.92 | 8.80 | |
| Number of days of payables | days | 63.28 | 45.32 | 49.51 | 51.40 | 51.69 | 57.14 | 54.22 | 51.10 | 55.15 | 86.06 | 95.36 | 92.34 | 72.09 | 84.70 | 73.09 | 59.91 | 57.69 | 52.09 | 46.06 | 41.47 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.77
= 63.28
The number of days of payables for Fortune Brands Innovations Inc. has fluctuated over the past few years.
From March 31, 2020, to September 30, 2021, the number of days of payables steadily increased from 41.47 days to 84.70 days, indicating that the company was taking longer to pay its suppliers during this period. This may suggest either stretched working capital management or negotiating better payment terms with suppliers.
However, from December 31, 2021, to June 30, 2024, there was a downward trend in the number of days of payables. The metric decreased from 72.09 days to 49.51 days during this period, implying that the company was able to pay its suppliers more quickly.
The highest number of days of payables was observed on June 30, 2022, at 95.36 days, while the lowest was on September 30, 2024, at 45.32 days.
It's important to note that a longer number of days of payables may indicate a more favorable position for the company as it signifies that the company is effectively utilizing its liquidity and may have negotiated better credit terms with suppliers. However, an excessively high number of days of payables could also signal potential liquidity issues or strained relationships with suppliers.
Peer comparison
Dec 31, 2024