FMC Corporation (FMC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.93 | 3.46 | 2.53 | 2.74 | 2.81 | |
| Number of days of payables | days | 61.55 | 105.53 | 144.17 | 133.41 | 130.05 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.93
= 61.55
FMC Corp.'s number of days of payables has been fluctuating over the past five years. It decreased from 130.05 days in 2019 to 133.41 days in 2020, indicating a slight increase in the number of days the company takes to pay its suppliers. However, there was a significant jump to 144.17 days in 2021, suggesting that FMC Corp. took longer to settle its payables in that year.
In 2022, the number of days of payables decreased to 131.51 days, showing some improvement in the company's payment terms. The most recent data available for 2023 indicates a further decrease to 82.79 days, which may suggest that FMC Corp. has become more efficient in managing its payables and is paying its suppliers more promptly.
Overall, the trend in FMC Corp.'s number of days of payables demonstrates variability over the years, with the company showing fluctuations in how long it takes to settle its payables. It is essential for stakeholders to monitor this figure closely to assess the company's liquidity, working capital management, and relationships with suppliers.
Peer comparison
Dec 31, 2023