H B Fuller Company (FUL)
Number of days of payables
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.38 | 5.69 | 6.54 | 6.05 | 6.08 | 6.05 | 5.63 | 5.27 | 4.78 | 4.86 | 4.82 | 5.10 | 5.60 | 6.43 | 7.37 | 6.33 | 6.21 | 6.99 | 7.75 | 7.17 | |
| Number of days of payables | days | 67.83 | 64.14 | 55.80 | 60.38 | 60.05 | 60.36 | 64.88 | 69.27 | 76.28 | 75.07 | 75.75 | 71.55 | 65.22 | 56.80 | 49.50 | 57.70 | 58.75 | 52.19 | 47.08 | 50.91 |
March 2, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.38
= 67.83
The number of days of payables for H B Fuller Company has varied over the periods mentioned. Based on the data provided, the number of days of payables has ranged from as low as 47.08 days to as high as 76.28 days. The company's ability to pay its suppliers within a certain period has fluctuated, with an average of approximately 60 days over the periods analyzed.
A higher number of days of payables may indicate that the company is taking longer to pay its suppliers, potentially signaling financial strain or inefficiencies in working capital management. Conversely, a lower number of days of payables may suggest that the company is managing its payables more efficiently, which can positively impact cash flow and liquidity.
It is important to monitor changes in the number of days of payables over time to assess the company's relationships with suppliers and its ability to manage working capital effectively. This ratio provides insights into how efficiently the company is managing its accounts payable obligations.