Fresh Del Monte Produce Inc (FDP)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,922,300 | 3,923,900 | 3,926,900 | 3,964,100 | 3,970,000 | 3,982,200 | 4,019,000 | 4,086,500 | 4,102,100 | 4,121,300 | 4,111,700 | 4,012,100 | 3,948,300 | 3,936,700 | 3,903,200 | 3,885,200 | 3,951,400 | 3,973,200 | 4,044,800 | 4,173,000 |
| Payables | US$ in thousands | 250,500 | — | — | — | 279,500 | — | — | — | 325,400 | — | — | — | 350,400 | — | — | — | 295,400 | — | — | — |
| Payables turnover | 15.66 | — | — | — | 14.20 | — | — | — | 12.61 | — | — | — | 11.27 | — | — | — | 13.38 | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,922,300K ÷ $250,500K
= 15.66
The payables turnover ratio for Fresh Del Monte Produce Inc provides insight into how efficiently the company is managing its accounts payable.
Based on the data provided, the payables turnover ratio was not calculable for most of the periods, indicating that the company did not disclose the necessary information to compute this ratio. However, for the periods where the ratio was available, we can see a fluctuation in the payables turnover ratio.
In December 2020, the payables turnover ratio was 13.38, which means that Fresh Del Monte Produce converted its accounts payable nearly 13.38 times during the year. This indicates a relatively efficient management of payables during that period.
Subsequently, in December 2021, the payables turnover ratio decreased to 11.27, suggesting that there may have been a slight delay in paying off accounts payable compared to the previous period.
In December 2022, the payables turnover ratio increased to 12.61, indicating an improvement in the company's ability to efficiently manage its accounts payable.
By December 2023, the payables turnover ratio further increased to 14.20, implying that Fresh Del Monte Produce was able to convert its accounts payable more frequently during the year, showing continued improvement in managing payables efficiently.
Overall, the fluctuation in the payables turnover ratio over the disclosed periods suggests some variability in the company's management of accounts payable, with instances of improvement and potential areas for further optimization. It is essential for investors and stakeholders to monitor this ratio over time to assess the company's effectiveness in managing its payables.
Peer comparison
Dec 31, 2024