Floor & Decor Holdings Inc (FND)
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 | 6.48 | 6.08 | 6.43 | 7.36 | 6.98 | 6.18 | 4.89 | 5.15 | 4.98 | 4.81 | 5.42 | 6.33 | 5.67 | 4.25 | 4.38 | 4.57 | 3.78 | 6.05 | 6.72 | 7.65 | |
| Number of days of payables | days | 56.34 | 59.99 | 56.81 | 49.59 | 52.33 | 59.02 | 74.60 | 70.86 | 73.24 | 75.83 | 67.39 | 57.65 | 64.42 | 85.81 | 83.25 | 79.81 | 96.65 | 60.37 | 54.31 | 47.73 |
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 has shown some fluctuation over the past few quarters. As of December 31, 2023, the company takes approximately 56.34 days to pay off its payables on average. This indicates that the company has been able to manage its payables efficiently compared to the previous quarters. The decreasing trend in the number of days of payables from the previous quarter suggests that the company is able to settle its debts more quickly.
It is important to note that a lower number of days of payables generally indicates that the company is paying its suppliers more promptly, which can be a positive sign of strong cash flow management. However, the company should ensure that it maintains a balance in managing its payables to avoid any strain on liquidity or supplier relationships.
Overall, the decreasing trend in Floor & Decor Holdings Inc's number of days of payables indicates improved efficiency in managing its payments to suppliers, potentially reflecting positively on the company's financial health and operations.
Peer comparison
Dec 31, 2023