Fair Isaac Corporation (FICO)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 16.36 | 17.49 | 16.02 | 15.68 | 14.57 | |
| Number of days of payables | days | 22.31 | 20.86 | 22.78 | 23.28 | 25.05 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.36
= 22.31
The number of days of payables for Fair, Isaac Corp. has shown fluctuations over the past five years. In Sep 30, 2023, the company had 22.31 days of payables, a slight increase from the previous year's 20.86 days. This indicates that the company took slightly longer to pay its suppliers and vendors compared to the prior year. However, when comparing to the data from Sep 30, 2020 and Sep 30, 2019, there is a noticeable decrease in the number of days of payables, suggesting an improvement in the company's efficiency in managing its payables. Over the period, there has been a general trend of decreasing days of payables, indicating potential improvements in the company's working capital management and vendor payment strategies.
Peer comparison
Sep 30, 2023