Flowserve Corporation (FLS)
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 | 7.37 | 8.11 | 7.56 | 7.29 | 7.23 | 8.09 | 7.64 | 7.92 | 8.07 | 9.06 | 8.62 | 8.96 | 8.01 | 8.37 | 8.47 | 8.53 | 7.92 | 8.75 | 8.67 | 8.85 | |
| Number of days of payables | days | 49.53 | 45.03 | 48.25 | 50.04 | 50.47 | 45.13 | 47.77 | 46.06 | 45.22 | 40.27 | 42.32 | 40.76 | 45.59 | 43.61 | 43.09 | 42.79 | 46.09 | 41.70 | 42.11 | 41.24 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.37
= 49.53
Flowserve Corp.'s number of days of payables has shown some fluctuation over the past eight quarters. The average number of days of payables appears to be around 63 days during this period.
In Q4 2023, the number of days of payables increased to 65.69 days compared to the previous quarter's 59.32 days. This indicates that the company took longer to pay off its payables in Q4 compared to Q3.
Looking at the trend over the past year, there seems to be some seasonality as the number of days of payables tends to increase in the first and fourth quarters compared to the second and third quarters. However, it is important to analyze the underlying reasons for these fluctuations to determine if they are indicative of any potential issues impacting the company's working capital management.
Peer comparison
Dec 31, 2023