FTI Consulting Inc (FCN)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 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
The number of days of payables for FTI Consulting Inc. in Q4 2023 was 3.37 days, which indicates that, on average, the company takes approximately 3.37 days to pay its suppliers and vendors. Since there is no data available for the other quarters of 2023, we cannot compare it to previous periods within the year.
Comparing Q4 2023 with Q4 2022, we can see a slight decrease in the number of days of payables from 3.58 days in Q4 2022 to 3.37 days in Q4 2023. This reduction suggests that FTI Consulting Inc. may have improved its efficiency in managing its accounts payable by reducing the time taken to settle outstanding invoices.
However, without additional data points for a more comprehensive analysis, it is challenging to draw definitive conclusions about the trend in the company's payables management over time. Further monitoring and analysis of the company's payables turnover ratio and cash flow trends would be beneficial in gaining a more complete understanding of its financial health and liquidity management.
Peer comparison
Dec 31, 2023