Floor & Decor Holdings Inc (FND)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,400,290 | 4,297,680 | 4,270,807 | 4,213,323 | 4,121,554 | 3,971,404 | 3,768,393 | 3,546,508 | 3,298,389 | 3,053,453 | 2,866,342 | 2,546,054 | 2,367,728 | 1,541,654 | 1,429,438 | 1,462,591 | 1,391,533 | 1,924,720 | 1,832,536 | 1,755,154 |
| Payables | US$ in thousands | 679,265 | 706,325 | 664,679 | 572,475 | 590,883 | 642,136 | 770,198 | 688,488 | 661,883 | 634,339 | 529,220 | 402,134 | 417,898 | 362,457 | 326,032 | 319,815 | 368,459 | 318,350 | 272,695 | 229,498 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,400,290K ÷ $679,265K
= 6.48
Floor & Decor Holdings Inc's payables turnover ratio provides insight into how efficiently the company pays off its suppliers. A higher payables turnover ratio indicates that the company is managing its payables effectively by settling its bills at a faster rate.
Analyzing the data over the past few quarters, we observe fluctuations in the payables turnover ratio. In the most recent quarter, the payables turnover ratio was 6.48, showing an improvement compared to the previous quarter's ratio of 6.08. This suggests that the company has been paying its suppliers more frequently or promptly.
Looking at the trend over the last four quarters, there seems to be variability in the payables turnover ratio, with ratios ranging from 4.89 to 7.36. This indicates that Floor & Decor Holdings Inc's payment practices have been somewhat inconsistent during this period.
It is important to monitor the payables turnover ratio over time to assess the company's relationship with its suppliers and its ability to manage working capital efficiently. Additionally, comparing the ratio with industry benchmarks can provide further insights into the company's performance in this area.
Peer comparison
Dec 31, 2023