H B Fuller Company (FUL)
Number of days of payables
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.10 | 5.02 | 5.22 | 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 | |
| Number of days of payables | days | 71.55 | 72.71 | 69.99 | 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 |
November 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.10
= 71.55
The number of days of payables for H B Fuller Company has shown some fluctuations over the past few years, ranging from a low of 49.50 days in August 2020 to a high of 76.28 days in February 2022. Generally, it seems that the company takes around 60 to 70 days to pay its outstanding payables to suppliers.
It's worth noting that there was a significant increase in the number of days of payables from around 58.75 days in February 2020 to about 71.55 days in May 2021. This upward trend continued until August 2021 when the days of payables peaked at 75.75 days. Subsequently, there was a slight decrease in the number of days of payables, with some fluctuations but generally remaining in the range of 60 to 70 days.
Overall, the management of payables by H B Fuller Company appears to be moderate, with the company taking a reasonably efficient approach to managing its payment obligations to suppliers while considering cash flow and liquidity needs.
Peer comparison
Nov 30, 2024