Flowserve Corporation (FLS)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.38 | 7.25 | 8.09 | 8.02 | 7.93 | |
| Number of days of payables | days | 49.47 | 50.37 | 45.13 | 45.52 | 46.00 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.38
= 49.47
Flowserve Corp.'s number of days of payables has shown some fluctuations over the past five years. In 2023, the company had 65.69 days of payables, which decreased slightly compared to 66.40 days in 2022. This suggests that the company took slightly fewer days to pay its suppliers in 2023.
In 2021, the number of days of payables increased to 60.08 days from 61.53 days in 2020, indicating that the company took more days to pay its suppliers. However, this metric remained relatively stable compared to 61.66 days in 2019.
Overall, the trend in Flowserve Corp.'s number of days of payables shows some variability, with the company managing its payables efficiently in recent years, although there was a slight increase in 2021. It would be important to monitor this ratio in the future to assess the company's ability to effectively manage its supplier payments.
Peer comparison
Dec 31, 2023