Fluor Corporation (FLR)
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 | 12.35 | 12.38 | 12.76 | 13.28 | 13.16 | 11.96 | 12.32 | 12.96 | 10.85 | 11.97 | 12.24 | 12.13 | 12.32 | 10.90 | 10.84 | 11.53 | 11.13 | 13.77 | 13.78 | 13.69 | |
| Number of days of payables | days | 29.55 | 29.48 | 28.61 | 27.49 | 27.73 | 30.52 | 29.62 | 28.17 | 33.64 | 30.50 | 29.82 | 30.09 | 29.62 | 33.48 | 33.68 | 31.67 | 32.78 | 26.51 | 26.48 | 26.67 |
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 exhibited a relatively stable trend over the past eight quarters. The company's payables were around 29-30 days on average, indicating that it takes approximately a month for Fluor to settle its payables to suppliers. This suggests that Fluor has been managing its payment obligations consistently over the quarters analyzed. Additionally, the gradual decrease in the number of days of payables from Q1 2022 to Q1 2023 may indicate a more efficient management of working capital or potentially improved negotiating power with suppliers. Overall, a detailed examination of Fluor Corporation's payables management strategy and its impact on liquidity and operational efficiency would provide further insights into its financial performance.
Peer comparison
Dec 31, 2023