FedEx (FDX) Days Payable

: 20.64 (As of Feb. 2024)

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FedEx's average Accounts Payable for the three months ended in Feb. 2024 was $3,891 Mil. FedEx's Cost of Goods Sold for the three months ended in Feb. 2024 was $17,199 Mil. Hence, FedEx's Days Payable for the three months ended in Feb. 2024 was 20.64.

The historical rank and industry rank for FedEx's Days Payable or its related term are showing as below:

FDX' s Days Payable Range Over the Past 10 Years
Min: 18.94 Med: 20.12 Max: 22.84
Current: 20.7

During the past 13 years, FedEx's highest Days Payable was 22.84. The lowest was 18.94. And the median was 20.12.

FDX's Days Payable is ranked worse than
79.57% of 935 companies
in the Transportation industry
Industry Median: 39.62 vs FDX: 20.70

FedEx's Days Payable declined from Feb. 2023 (20.68) to Feb. 2024 (20.64). It may suggest that FedEx accelerated paying its suppliers.

FedEx Days Payable Historical Data

The historical data trend for FedEx's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FedEx Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

19.98

20.57

19.66

19.58

20.25

FedEx Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable																20.68	21.42	20.55	20.22	20.64

Competitive Comparison

For the Integrated Freight & Logistics subindustry, FedEx's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FedEx Days Payable Distribution

For the Transportation industry and Industrials sector, FedEx's Days Payable distribution charts can be found below:

* The bar in red indicates where FedEx's Days Payable falls into.

FedEx Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

FedEx's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (4030	+	3848)	/	2 )	/	70989	*	365
=	3939					/	70989	*	365
=	20.25

FedEx's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (4002	+	3780)	/	2 )	/	17199	*	365 / 4
=	3891					/	17199	*	365 / 4
=	20.64

FedEx Days Payable Related Terms

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FedEx (FDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (NYSE:FDX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FDX:Peru FDX:Mexico 1FDX:Italy FDX:Germany FDX:Germany FDX:Germany FDX:Germany FDXB34:Brazil FDX:Argentina

Address

942 South Shady Grove Road, Memphis, TN, USA, 38120

Website

https://www.fedex.com

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.

Executives

John W Dietrich	officer: EVP CHIEF FINANCIAL OFF
Amy B Lane	director	1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Erwin Guy M Ii	officer: STAFF VP INT PRIN ACCT OFFICER	942 S SHADY GROVE ROAD, MEMPHIS TN 38120
Jennifer L Johnson	officer: CVP PRIN ACCT OFFICER	942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Michael C. Lenz	officer: EVP CHIEF FINANCIAL OFF	942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Robert B Carter	officer: EVP CHIEF INFO OFFICER	942 S SHADY GROVE RD, MEMPHIS TN 38120
Tracy B Brightman	officer: EVP - Chief People Officer	942 S SHADY GROVE ROAD, MEMPHIS TN 38120
Stephen E Gorman	director	370 KNOLLWOOD STREET, SUITE 500, WINSTON SALEM NC 27103
Susan C Schwab	director	2101 VAN MUNCHING HALL, COLLEGE PARK MD 20742
Richard W Smith	officer: President/CEO FedEx Express	3610 HACKS CROSS ROAD, BUILDING A 3RD FLOOR, MEMPHIS TN 38125
Frederick W Smith	director, officer: CHAIRMAN OF THE BOARD	942 S SHADY GROVE RD, MEMPHIS TN 38120
Brie Carere	officer: EVP/Chief Mkt & Comm Officer	942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
David P Steiner	director	1001 FANNIN ST, STE 4000, HOUSTON TX 77002
R Brad Martin	director
Paul S Walsh	director	8 HENRIETTA PLACE, LONDON X0 94111