Fair Isaac Corporation (FICO)

Number of days of payables

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		15.49	15.18	17.26	17.11	16.36	18.51	22.82	18.38	17.49	16.79	17.57	15.28	16.02	18.01	18.22	16.55	15.68	17.94	13.99	10.83
Number of days of payables	days	23.56	24.04	21.15	21.33	22.31	19.72	15.99	19.85	20.86	21.75	20.78	23.88	22.78	20.26	20.04	22.06	23.28	20.35	26.08	33.72

September 30, 2024 calculation

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

The number of days of payables for Fair Isaac Corporation has shown fluctuations over the past several quarters. In the most recent quarter ending on September 30, 2024, the number of days of payables was 23.56 days, slightly lower than the previous quarter's figure of 24.04 days. This indicates that the company takes approximately 23.56 days to pay its suppliers on average.

Looking back over the past few quarters, it is evident that there have been variations in the number of days of payables. The trend has been fluctuating, with some quarters showing an increase in the number of days it takes for Fair Isaac Corporation to pay its payables, while others demonstrate a decrease.

Overall, a lower number of days of payables could imply that the company is managing its working capital efficiently and is able to pay its suppliers more promptly. On the other hand, a higher number of days of payables may indicate that the company is taking longer to settle its obligations to suppliers.

It is important for investors and stakeholders to monitor the trend in the number of days of payables over time to assess the company's liquidity management and its relationships with suppliers.