Federal Signal Corporation (FSS)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		19.08	15.05	14.27	16.22	13.82
Number of days of payables	days	19.13	24.25	25.58	22.50	26.41

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.08
= 19.13

The number of days of payables for Federal Signal Corp. has shown a decreasing trend over the past five years. In 2023, the company took approximately 19.13 days to pay its payables, a decrease from 24.25 days in 2022, 25.58 days in 2021, 22.50 days in 2020, and 26.41 days in 2019. This indicates that the company has been managing its payables more efficiently in recent years, potentially improving its cash flow position and relationships with suppliers. The decreasing trend suggests that Federal Signal Corp. has been able to negotiate better payment terms or streamline its payables process.