Frontdoor Inc (FTDR)
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 | 11.78 | 10.36 | 11.78 | 11.49 | 11.90 | 10.74 | 9.36 | 11.55 | 12.38 | 10.58 | 9.90 | 11.98 | 13.76 | 10.61 | 9.57 | 12.58 | 14.33 | 12.40 | 11.76 | ||
| Number of days of payables | days | 30.99 | 35.24 | 30.98 | 31.77 | 30.67 | 33.98 | 38.98 | 31.61 | 29.49 | 34.50 | 36.86 | 30.46 | 26.52 | 34.41 | 38.15 | 29.01 | 25.47 | 29.44 | 31.04 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.78
= 30.99
Frontdoor Inc.'s number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 30.99 days of payables, which decreased from the previous quarter's 35.24 days. This suggests that the company took fewer days to pay its liabilities to suppliers in the most recent quarter.
Looking further back, in Q2 2023 and Q1 2023, the number of days of payables was relatively stable at 30.98 days and 31.77 days, respectively. This indicates a consistent approach to managing payables during that period.
Comparing to the same quarter in the previous year, Q4 2022 had a similar number of days of payables at 30.67 days. However, in Q3 and Q2 2022, the company took longer to settle its payables, with 33.98 days and 38.98 days, respectively. Q1 2022 saw an improvement in payables management with just 31.57 days.
Overall, while there have been fluctuations in the number of days of payables for Frontdoor Inc., the company has generally maintained a relatively efficient approach to managing its payables, with occasional variations possibly influenced by operational or strategic factors. Further analysis and comparison with industry benchmarks could provide more insights into the company's payables management efficiency.
Peer comparison
Dec 31, 2023