FTI Consulting Inc (FCN)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,354,216 | 2,266,546 | 2,194,396 | 2,126,382 | 2,065,977 | 2,023,964 | 1,969,545 | 1,940,187 | 1,915,507 | 1,871,655 | 1,816,599 | 1,738,888 | 1,672,711 | 1,651,109 | 1,614,822 | 1,588,077 | 1,534,896 | 1,456,386 | 1,411,971 | 1,356,023 |
| Payables | US$ in thousands | 21,719 | — | — | — | 20,265 | — | — | — | 16,187 | — | — | — | 13,124 | — | — | — | 18,346 | — | — | — |
| Payables turnover | 108.39 | — | — | — | 101.95 | — | — | — | 118.34 | — | — | — | 127.45 | — | — | — | 83.66 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,354,216K ÷ $21,719K
= 108.39
The payables turnover ratio for FTI Consulting Inc. for Q4 2023 is reported at 108.39. The lack of data for the previous quarters in 2023 makes it difficult to analyze any trend in the payables turnover for the company so far this year.
Comparing the Q4 2023 payables turnover of 108.39 with the Q4 2022 figure of 101.95, we observe a significant increase in the efficiency of FTI Consulting Inc. in managing its payables in the latest quarter. This suggests that the company is able to pay off its suppliers more frequently during Q4 2023, which may indicate improved liquidity or better negotiation terms with suppliers.
However, it is important to note that a high payables turnover ratio could also indicate a shortening of the payment period, which may strain relationships with suppliers if not managed carefully. Further analysis and comparison with industry benchmarks or peer companies would provide a more comprehensive understanding of the company's payables management efficiency.
Peer comparison
Dec 31, 2023