Floor & Decor Holdings Inc (FND)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.48 | 6.98 | 4.98 | 5.67 | 5.50 | |
| Number of days of payables | days | 56.34 | 52.33 | 73.25 | 64.42 | 66.38 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.48
= 56.34
Floor & Decor Holdings Inc's number of days of payables have fluctuated over the past five years. In 2023, the company took an average of 56.34 days to pay its suppliers, which was higher than the previous year when it took 52.33 days. In 2021, the number of days of payables increased to 73.25 days, indicating the company took longer to settle its payables compared to 2020 when it took 64.42 days. The trend continued from 2019 when the company took 66.38 days on average to pay its suppliers. This indicates that Floor & Decor Holdings Inc has been able to manage its payable turnover more effectively in recent years, except for a slight increase in 2023 compared to 2022.
Peer comparison
Dec 31, 2023