Fresh Del Monte Produce Inc (FDP)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.66 | 14.20 | 12.61 | 11.27 | 13.38 | |
| Number of days of payables | days | 23.31 | 25.70 | 28.95 | 32.39 | 27.29 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.66
= 23.31
Fresh Del Monte Produce Inc's number of days of payables has experienced a slight increase over the years. As of December 31, 2020, the company took approximately 27.29 days to pay its suppliers, which increased to 32.39 days by December 31, 2021. Subsequently, the number of days to payables decreased to 28.95 days by December 31, 2022, followed by a further decrease to 25.70 days by December 31, 2023. Most recently, as of December 31, 2024, the number of days of payables reached 23.31 days. This trend indicates that Fresh Del Monte Produce Inc has been managing its payables more efficiently, shortening the time it takes to pay its suppliers.
Peer comparison
Dec 31, 2024