Fulgent Genetics Inc (FLGT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.03 | 10.92 | 10.52 | 3.39 | 8.92 | |
| Number of days of payables | days | 30.34 | 33.44 | 34.71 | 107.65 | 40.91 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.03
= 30.34
The number of days of payables for Fulgent Genetics Inc has shown some fluctuation over the past five years. In 2023, the number of days of payables decreased to 30.34 days from 33.44 days in 2022 and 34.71 days in 2021. This indicates that the company is taking less time to pay its suppliers and manage its accounts payable effectively.
However, when comparing to 2020 and 2019, where the number of days of payables was significantly higher at 107.65 days and 40.91 days respectively, it suggests that Fulgent Genetics Inc has made improvements in managing its payables turnover and is now more efficient in paying its obligations.
Overall, the downward trend in the number of days of payables reflects a positive sign of financial health and effective working capital management for Fulgent Genetics Inc.
Peer comparison
Dec 31, 2023