FedEx Corporation (FDX)

The analysis of FedEx Corporation's number of days of payables over the observed periods indicates a generally stable and slightly fluctuating trend. The metric has ranged from a low of approximately 17.19 days in May 2024 to a high of around 23.29 days in February 2021. Throughout the analyzed timeframe, the average payables period hovers around 20 days.

From August 2020 through May 2021, the number of days of payables remained relatively consistent, with minor variations close to 21 days. This period reflects a stable approach to managing payables, with occasional slight increases or decreases. From June 2021 onward, there is a subtle downward trend, reaching the lowest point of 17.19 days in May 2024, which suggests a possible acceleration in settling liabilities during this period. Following this minimum, the payables days varied modestly around the 20-day mark, demonstrating ongoing operational consistency.

Overall, the data suggests FedEx maintains a predictable payables cycle, typically settling its liabilities within approximately 20 days. The observed fluctuations are within a narrow range and do not indicate significant shifts in its credit or payment strategies. The slight downward trend culminating in the May 2024 low could be indicative of efforts to optimize cash management or changes in supplier payment terms. However, the subsequent increase towards late 2024 and early 2025 reflects a return to more typical payment durations, maintaining the focus on manageable and consistent accounts payable practices.