Fabrinet (FN)
Number of days of payables
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.72 | 5.69 | 6.32 | 6.55 | 6.06 | 5.16 | 4.93 | 5.07 | 4.51 | 4.77 | 4.72 | 4.69 | 4.78 | 5.69 | 5.09 | 5.24 | 5.79 | 6.06 | 6.13 | 5.64 | |
| Number of days of payables | days | 63.82 | 64.19 | 57.79 | 55.77 | 60.25 | 70.80 | 74.00 | 71.96 | 80.90 | 76.57 | 77.26 | 77.87 | 76.29 | 64.18 | 71.67 | 69.68 | 63.09 | 60.18 | 59.50 | 64.74 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.72
= 63.82
The number of days of payables for Fabrinet has shown fluctuations over the past few quarters. In the most recent quarter as of June 30, 2024, the number of days of payables was 63.82 days, indicating that on average, the company takes approximately 63.82 days to pay its outstanding liabilities.
Compared to the previous quarter ending March 31, 2024, the number of days of payables increased slightly to 64.19 days. This suggests a slightly longer payment cycle in the most recent quarter.
Looking back over the past few quarters, there have been variations in the number of days of payables, with some quarters showing higher figures such as 80.90 days in the quarter ending June 30, 2022, and 74.00 days in the quarter ending December 31, 2022.
Overall, monitoring the trend in the number of days of payables can provide insights into how efficiently Fabrinet manages its accounts payable and its relationships with suppliers. A decreasing trend may indicate more favorable payment terms, while an increasing trend may signify liquidity challenges or changes in the company's payment policies. It is essential to assess this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial performance.
Peer comparison
Jun 30, 2024