Fresh Del Monte Produce Inc (FDP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.20 | 12.61 | 11.27 | 13.38 | 13.55 | |
| Number of days of payables | days | 25.70 | 28.95 | 32.39 | 27.29 | 26.93 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.20
= 25.70
Fresh Del Monte Produce Inc's number of days of payables has shown a fluctuating trend over the past five years. In particular, the company's number of days of payables decreased from 32.39 days in 2021 to 25.70 days in 2023, indicating that Fresh Del Monte Produce Inc has been managing its payables more efficiently in recent years. This implies that the company is taking longer to pay its suppliers or is benefitting from more favorable credit terms, which could improve its working capital management and cash flow. Overall, the decreasing trend in the number of days of payables suggests a positive development in the company's ability to manage its payables effectively.
Peer comparison
Dec 31, 2023