Franklin Electric Co Inc (FELE)
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 | 11.94 | 10.71 | 11.42 | 9.70 | 12.95 | 11.43 | 8.62 | 8.41 | 9.03 | 8.46 | 8.63 | 10.66 | 11.74 | 11.58 | 13.07 | 13.25 | 14.52 | 12.65 | 11.96 | 12.95 | |
| Number of days of payables | days | 30.57 | 34.06 | 31.95 | 37.62 | 28.18 | 31.92 | 42.33 | 43.42 | 40.44 | 43.15 | 42.27 | 34.23 | 31.08 | 31.51 | 27.93 | 27.54 | 25.13 | 28.85 | 30.52 | 28.19 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.94
= 30.57
Based on the data provided, the number of days of payables for Franklin Electric Co., Inc. has fluctuated over the past eight quarters. In Q4 2023, the company had 40.66 days of payables, which was lower compared to the previous quarter at 45.24 days in Q3 2023. This decrease suggests that the company took fewer days to pay its suppliers or vendors in Q4 2023.
Looking at historical trends, Franklin Electric Co., Inc.'s number of days of payables ranged from a low of 37.59 days in Q4 2022 to a high of 59.20 days in Q1 2022. This indicates some variability in the company's payment terms over time. It's worth noting that having a lower number of days of payables can indicate a more efficient management of trade credit and suppliers, while a higher number of days may suggest a need for better cash flow management or negotiation of payment terms.
Overall, monitoring changes in the number of days of payables can provide insights into Franklin Electric Co., Inc.'s liquidity position, operational performance, and relationships with its suppliers. It is important for stakeholders to consider these trends in conjunction with other financial ratios and operational metrics to gain a more comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2023