Fresh Del Monte Produce Inc (FDP)
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 | 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
The number of days of payables for Fresh Del Monte Produce Inc has shown some fluctuations over the past few quarters. As of December 31, 2023, the company takes approximately 25.70 days to pay its payables. This indicates that Fresh Del Monte Produce Inc typically settles its outstanding obligations with suppliers within a month, reflecting efficient management of trade credit terms. Comparing this to historical data, we observe a slight improvement from the previous quarter ending September 30, 2023, where the number of days of payables was not disclosed.
Furthermore, looking back to December 31, 2022, the number of days of payables was slightly higher at 28.95 days, suggesting a more extended period taken by the company to pay off its trade payables at that time. This current trend of lower days of payables can be seen as a positive indication of the company's liquidity and ability to manage its working capital effectively.
Peer comparison
Dec 31, 2023