Fresh Del Monte Produce Inc (FDP)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 fluctuated over the years. As of December 31, 2020, the company took approximately 27.29 days to pay off its payables. This figure increased to 32.39 days by December 31, 2021, indicating a potential slowdown in payment to suppliers.
Subsequently, by December 31, 2022, the number of days of payables decreased to 28.95 days, suggesting an improvement in the efficiency of payables management. Further, by December 31, 2023, the days of payables reduced to 25.70 days, indicating that the company might be managing its payables more effectively or negotiating better payment terms.
Looking ahead, the company aims to maintain or potentially further decrease its number of days of payables, which can positively impact its working capital management and overall financial health. Monitoring this metric over time will provide insights into Fresh Del Monte Produce Inc's financial performance and vendor relationship management.
Peer comparison
Dec 31, 2024