FTI Consulting Inc (FCN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 108.39 | 101.95 | 118.34 | 127.45 | 83.66 | |
| Number of days of payables | days | 3.37 | 3.58 | 3.08 | 2.86 | 4.36 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 108.39
= 3.37
FTI Consulting Inc.'s number of days of payables has shown a decreasing trend over the past five years, indicating the company's ability to manage its accounts payable more efficiently. In 2023, the number of days of payables stood at 3.37 days, lower than the previous year's figure of 3.58 days. This signifies that FTI Consulting Inc. took approximately 3.37 days on average to pay its suppliers and vendors in 2023.
The decreasing trend in the number of days of payables suggests that the company may have implemented better payment strategies or negotiated more favorable payment terms with its suppliers. This trend indicates a potential improvement in the company's liquidity position and cash flow management. Additionally, a lower number of days of payables may also reflect positively on FTI Consulting Inc.'s relationships with its suppliers and its ability to maintain good credit terms.
Overall, the decreasing trend in FTI Consulting Inc.'s number of days of payables demonstrates the company's effective management of its accounts payable and a potential positive impact on its overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023