Fair Isaac Corporation (FICO)

Number of days of payables

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Payables turnover		15.49	16.36	17.49	16.02	15.68
Number of days of payables	days	23.56	22.31	20.86	22.78	23.28

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.49
= 23.56

Fair Isaac Corporation's number of days of payables has shown some fluctuations over the past five years. The trend indicates that the company takes approximately 23 days to pay off its accounts payable as of September 30, 2024, compared to 22 days in the previous year. This suggests that the company has slightly elongated its payment period to suppliers, which may indicate improved cash flow management or negotiation leverage. It is essential to consider the industry benchmarks and compare this metric with competitors to gain a better understanding of Fair Isaac Corporation's payment practices.