Fluor Corporation (FLR)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 14,997,000 14,820,000 14,735,000 14,178,000 13,387,000 12,807,000 12,570,000 12,982,000 13,237,000 13,373,320 13,307,740 13,367,850 13,748,000 14,588,380 15,484,280 16,633,940 17,223,840 17,875,040 18,151,620 18,037,270
Payables US$ in thousands 1,214,000 1,197,000 1,155,000 1,068,000 1,017,000 1,071,000 1,020,000 1,002,000 1,220,000 1,117,490 1,087,400 1,102,170 1,115,620 1,338,150 1,428,780 1,443,280 1,546,840 1,298,050 1,317,010 1,317,780
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $14,997,000K ÷ $1,214,000K
= 12.35

Fluor Corporation's payables turnover ratio has shown consistency and improvement over the past eight quarters. The ratio has ranged from 11.94 to 13.28, indicating that the company is efficiently managing its accounts payable by paying off its suppliers relatively quickly.

The company's ability to turn over its payables at such a consistent and relatively high rate suggests strong liquidity and efficient working capital management. A higher turnover ratio indicates that Fluor Corporation is efficiently utilizing its suppliers' credit terms or negotiating favorable payment conditions.

Overall, the trend of increasing payables turnover ratios over the past year demonstrates Fluor Corporation's commitment to financial efficiency and effective management of its working capital.


Peer comparison

Dec 31, 2023

Company name
Symbol
Payables turnover
Fluor Corporation
FLR
12.35
Granite Construction Incorporated
GVA
8.58
Jacobs Solutions Inc.
J
10.61
KBR Inc
KBR
11.03