Fulgent Genetics Inc (FLGT)
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 | 12.03 | 12.31 | 10.14 | 10.04 | 10.92 | 17.92 | 6.56 | 9.25 | 10.52 | 8.25 | 12.75 | 9.16 | 3.39 | 2.23 | 5.31 | 5.32 | 8.92 | 6.16 | 10.19 | 7.48 | |
| Number of days of payables | days | 30.34 | 29.64 | 36.00 | 36.35 | 33.44 | 20.37 | 55.65 | 39.47 | 34.71 | 44.24 | 28.63 | 39.83 | 107.65 | 163.58 | 68.79 | 68.58 | 40.91 | 59.26 | 35.83 | 48.79 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.03
= 30.34
Fulgent Genetics Inc's number of days of payables has experienced fluctuations over the past eight quarters, ranging from a low of 29.64 days in Q3 2023 to a high of 55.65 days in Q2 2022. The company's payment cycle has shown some variability, indicating changes in its ability to manage and settle its payables efficiently.
In general, a lower number of days of payables suggests that the company is paying its suppliers more quickly, which may indicate strong liquidity or good supplier relationships. Conversely, a higher number of days of payables could imply that the company is taking longer to settle its liabilities, potentially signaling liquidity issues or strained relations with suppliers.
Monitoring fluctuations in the number of days of payables can provide insights into Fulgent Genetics Inc's liquidity management, operational efficiency, and relationships with its suppliers. It is essential for investors and stakeholders to analyze this metric in conjunction with other financial ratios and performance indicators to gain a comprehensive understanding of the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2023