Fox Factory Holding Corp (FOXF)
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 | 12.16 | 14.63 | 13.53 | 9.85 | 10.01 | 9.60 | 7.51 | 7.36 | 10.69 | 6.35 | 5.98 | 6.68 | 8.12 | 6.75 | 9.94 | 7.28 | 11.10 | 9.05 | 7.89 | 6.99 | |
| Number of days of payables | days | 30.01 | 24.95 | 26.98 | 37.06 | 36.45 | 38.03 | 48.61 | 49.58 | 34.15 | 57.44 | 61.05 | 54.68 | 44.97 | 54.09 | 36.72 | 50.15 | 32.89 | 40.32 | 46.26 | 52.19 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.16
= 30.01
The number of days of payables for Fox Factory Holding Corp ranged from 24.95 days to 61.05 days over the past five quarters. This ratio measures how long, on average, the company takes to pay its suppliers for purchases made on credit. A decreasing trend in this ratio can indicate that the company is managing its payables more efficiently, possibly negotiating better payment terms with suppliers or settling bills more promptly. On the other hand, an increasing trend in the number of days of payables may suggest that the company is experiencing cash flow issues or facing challenges in managing its working capital effectively. It is important for investors and analysts to monitor this ratio to assess the company's liquidity position and its ability to meet short-term obligations.
Peer comparison
Dec 31, 2023