Fortune Brands Innovations Inc. (FBIN)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,964,300 | 3,972,700 | 4,087,200 | 4,057,400 | 4,011,400 | 3,643,600 | 3,295,500 | 3,026,600 | 2,790,100 | 2,852,600 | 2,894,700 | 2,877,900 | 2,840,600 | 3,170,500 | 3,483,300 | 3,650,800 | 3,925,900 | 3,812,600 | 3,675,900 | 3,752,600 |
| Payables | US$ in thousands | 513,900 | 493,300 | 554,400 | 571,400 | 568,100 | 570,400 | 489,500 | 423,700 | 421,600 | 672,600 | 756,300 | 728,100 | 561,000 | 735,700 | 697,500 | 599,200 | 620,500 | 544,100 | 463,900 | 426,400 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,964,300K ÷ $513,900K
= 5.77
The payables turnover ratio for Fortune Brands Innovations Inc. has displayed some fluctuations over the last few years. The ratio decreased from 8.80 as of March 31, 2020, to 3.83 as of June 30, 2022, indicating a longer time taken to pay off its suppliers. However, there was a slight improvement noted as the ratio increased to 8.05 as of September 30, 2024.
A decreasing payables turnover ratio could signal potential liquidity issues or inefficiencies in managing the company's accounts payables. On the other hand, an increasing ratio could suggest that the company is paying off its suppliers more efficiently.
It is important to further investigate the reasons behind these fluctuations in order to assess the impact on the company's working capital management and financial health.
Peer comparison
Dec 31, 2024