Fair Isaac Corporation (FICO)

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		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	14.57	16.77	19.73
Number of days of payables	days	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	25.05	21.77	18.50

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.11
= 21.33

Fair, Isaac Corp.'s number of days of payables, also known as the payables turnover period, measures the average number of days it takes for the company to pay its suppliers. The trend over the past eight quarters indicates fluctuations in this metric.

The number of days of payables has ranged between 15.99 days and 22.31 days, showing some variability. Overall, there seems to be a trend of the number of days of payables decreasing slightly in the first half of 2023 compared to the last two quarters of 2022. This may suggest that the company is managing its payables more efficiently during this period.

However, it's important to note that the reasons behind these fluctuations should be carefully examined to fully understand the company's payment practices and their impact on working capital and supplier relationships.