Fluor Corporation (FLR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.35 | 13.17 | 11.23 | 13.78 | 10.12 | |
| Number of days of payables | days | 29.55 | 27.72 | 32.50 | 26.48 | 36.05 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.35
= 29.55
Fluor Corporation's number of days of payables has shown fluctuations over the past five years. In 2023, the company took approximately 29.55 days to pay its creditors, which is slightly longer compared to 2022 when it took 27.72 days. This indicates a slight deterioration in the management of payables as the company took longer to settle its obligations in 2023. Compared to 2021 and 2019, where the number of days of payables was 33.35 and 33.54 days, respectively, the company improved its efficiency in paying its creditors in 2023. Overall, while the number of days of payables has fluctuated, there seems to be a trend towards more efficient management of payables in recent years.
Peer comparison
Dec 31, 2023