Fortrea Holdings Inc. (FTRE)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Payables turnover | 20.69 | 21.00 | 20.52 | 22.90 | |
| Number of days of payables | days | 17.64 | 17.38 | 17.79 | 15.94 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.69
= 17.64
Fortrea Holdings Inc.'s number of days of payables has shown a relatively stable trend over the four quarters of 2024. The number of days of payables was 15.94 days as of March 31, 2024, which increased to 17.79 days by June 30, 2024. Subsequently, it decreased to 17.38 days as of September 30, 2024, and then increased slightly to 17.64 days by December 31, 2024. Overall, the company takes an average of approximately 17 days to pay its suppliers and manage its accounts payable obligations throughout the year. This metric indicates the efficiency of Fortrea Holdings Inc. in managing its payables and cash flow.
Peer comparison
Dec 31, 2024