Fabrinet (FN)
Number of days of payables
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 4.72 | 5.50 | 5.18 | 6.15 | 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 | |
| Number of days of payables | days | 77.40 | 66.33 | 70.49 | 59.36 | 63.82 | 64.19 | 57.79 | 55.77 | 60.25 | 70.76 | 73.96 | 71.93 | 80.86 | 76.57 | 77.26 | 77.87 | 76.29 | 64.18 | 71.67 | 69.68 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.72
= 77.40
The analysis of Fabrinet’s days of payables over the specified periods indicates notable fluctuations with an overall trend toward moderation. The number of days payable peaked at 80.86 days on June 30, 2022, representing the longest credit extension within the examined timeframe, and subsequently decreased to a low of 55.77 days on September 30, 2023. This reduction suggests an improvement in the company's payables management, potentially reflecting increased efficiency in settling liabilities or a strategic effort to shorten payment cycles.
Between September 2020 and June 2021, the number of days payables exhibited variability, with an initial moderate increase toward 77.87 days, followed by fluctuations but maintaining a relatively high level. Post-June 2022, a more consistent downward trend becomes apparent, reaching the aforementioned low in September 2023. Following that period, there is some variability, with the days of payables slightly increasing again toward 70.49 days by December 2024 and then rising further to 77.40 days by June 2025, indicating a potential lengthening of the payables cycle.
Overall, the period displays a pattern of cyclical fluctuations, with a notable peak occurring mid-2022 and a subsequent decrease, reflecting dynamic changes in the company's accounts payable management and possibly its negotiations or strategic payment policies. The overall trajectory from the high in mid-2022 to subsequent lows underscores an evolution towards shorter payment terms, aligning potentially with efforts to strengthen supplier relationships or improve cash flow management.
Peer comparison
Jun 30, 2025