FedEx Corporation (FDX)
Number of days of payables
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.25 | 7.79 | 7.42 | 7.88 | 7.96 | 10.77 | 10.80 | 10.33 | 10.42 | 9.27 | 9.11 | 9.61 | 9.19 | 6.57 | 6.59 | 7.09 | 7.83 | 8.02 | 8.53 | 9.64 | |
| Number of days of payables | days | 29.80 | 46.86 | 49.18 | 46.33 | 45.83 | 33.90 | 33.79 | 35.33 | 35.02 | 39.36 | 40.08 | 37.98 | 39.70 | 55.58 | 55.39 | 51.49 | 46.62 | 45.50 | 42.80 | 37.87 |
May 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.25
= 29.80
The number of days of payables for FedEx Corporation has shown some variability over the past few years. The trend in the number of days of payables indicates the average number of days it takes for the company to pay its suppliers.
On average, FedEx took around 42 days to pay its payables from fiscal year 2019 to fiscal year 2024. The number of days of payables ranged from a low of 29.80 days to a high of 55.58 days during this period.
A lower number of days of payables indicates that FedEx is paying its suppliers more quickly, which may suggest strong liquidity or efficient working capital management. Conversely, a higher number of days of payables could indicate that the company is taking longer to pay its suppliers, potentially signaling liquidity challenges or strained supplier relationships.
Further analysis and comparison against industry benchmarks would provide additional insights into the efficiency of FedEx's payables management and its overall financial health.
See also:
FedEx Corporation Average Payables Payment Period (Quarterly Data)