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Franklin Resources's average Accounts Payable for the three months ended in Mar. 2024 was $1,160 Mil. Franklin Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $454 Mil. Hence, Franklin Resources's Days Payable for the three months ended in Mar. 2024 was 233.17.
The historical rank and industry rank for Franklin Resources's Days Payable or its related term are showing as below:
During the past 13 years, Franklin Resources's highest Days Payable was 155.45. The lowest was 58.97. And the median was 69.92.
Franklin Resources's Days Payable declined from Mar. 2023 (250.29) to Mar. 2024 (233.17). It may suggest that Franklin Resources accelerated paying its suppliers.
The historical data trend for Franklin Resources'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.
Franklin Resources Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Days Payable | Get a 7-Day Free Trial | 61.19 | 130.75 | 127.47 | 127.01 | 104.09 |
Franklin Resources Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Days Payable | Get a 7-Day Free Trial | 250.29 | 114.34 | 110.91 | 231.36 | 233.17 |
For the Asset Management subindustry, Franklin Resources'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.
For the Asset Management industry and Financial Services sector, Franklin Resources's Days Payable distribution charts can be found below:
* The bar in red indicates where Franklin Resources's Days Payable falls into.
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.
Franklin Resources's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as
Days Payable (A: Sep. 2023 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (A: Sep. 2022 ) | + | Accounts Payable (A: Sep. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Sep. 2023 ) | * | Days in Period |
= | ( (1113.1 | + | 879.7) | / | 2 ) | / | 3494 | * | 365 |
= | 996.4 | / | 3494 | * | 365 | ||||
= | 104.09 |
Franklin Resources's Days Payable for the quarter that ended in Mar. 2024 is calculated as:
Days Payable (Q: Mar. 2024 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (Q: Dec. 2023 ) | + | Accounts Payable (Q: Mar. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | ( (1001.1 | + | 1318.1) | / | 2 ) | / | 453.8 | * | 365 / 4 |
= | 1159.6 | / | 453.8 | * | 365 / 4 | ||||
= | 233.17 |
* 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.
Thank you for viewing the detailed overview of Franklin Resources's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Alok Sethi | officer: Reg. S-K Executive Officer | ONE FRANKLING PARKWAY, SAN MATEO CA 94403 |
Mariann H Byerwalter | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY 920/2, SAN MATEO CA 94403 |
Terrence Murphy | officer: Section 16 Officer | CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902 |
Jennifer M Johnson | officer: Senior Vice President | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Jed A. Plafker | officer: Reg. S-K Executive Officer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Thomas C Merchant | officer: EVP, General Counsel | LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202 |
Gwen L Shaneyfelt | officer: Chief Accounting Officer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Karen Matsushima King | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
John Y Kim | director | 51 MADISON AVENUE, NEW YORK NY 10010 |
John W Thiel | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Alexander S Friedman | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Adam Benjamin Spector | officer: EVP, Global Advisory Services | 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018 |
Craig Steven Tyle | officer: Exec VP and General Counsel | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Anthony Noto | director | C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105 |
Johnson Rupert H Jr | director, 10 percent owner, officer: Vice Chairman | C/O FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
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