Fastenal Co (LTS:0IKW) Days Payable : 23.84 (As of Mar. 2024)

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What is Fastenal Co Days Payable?

Fastenal Co's average Accounts Payable for the three months ended in Mar. 2024 was $270 Mil. Fastenal Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,034 Mil. Hence, Fastenal Co's Days Payable for the three months ended in Mar. 2024 was 23.84.

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

LTS:0IKW' s Days Payable Range Over the Past 10 Years
Min: 19.4 Med: 23.68 Max: 25.02
Current: 24.43

During the past 13 years, Fastenal Co's highest Days Payable was 25.02. The lowest was 19.40. And the median was 23.68.

LTS:0IKW's Days Payable is ranked worse than
90.91% of 143 companies
in the Industrial Distribution industry
Industry Median: 52.24 vs LTS:0IKW: 24.43

Fastenal Co's Days Payable increased from Mar. 2023 (23.59) to Mar. 2024 (23.84). It may suggest that Fastenal Co delayed paying its suppliers.

Fastenal Co Days Payable Historical Data

The historical data trend for Fastenal Co'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.

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Fastenal Co Days Payable Chart

Fastenal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

25.02

23.69

24.84

23.66

23.73

Fastenal Co 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															23.59	23.52	24.55	25.65	23.84

Competitive Comparison of Fastenal Co's Days Payable

For the Industrial Distribution subindustry, Fastenal Co'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.

Fastenal Co's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Fastenal Co's Days Payable distribution charts can be found below:

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

Fastenal Co 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.

Fastenal Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (255	+	264.1)	/	2 )	/	3992.2	*	365
=	259.55					/	3992.2	*	365
=	23.73

Fastenal Co'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
=	( (264.1	+	276)	/	2 )	/	1033.5	*	365 / 4
=	270.05					/	1033.5	*	365 / 4
=	23.84

Fastenal Co Days Payable Related Terms

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Fastenal Co (LTS:0IKW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Fastenal Co (LTS:0IKW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FAST:USA FAS:Germany FASL34:Brazil FAST:Austria

Address

2001 Theurer Boulevard, Winona, MN, USA, 55987-1500

Website

https://www.fastenal.com

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.

Fastenal Co (LTS:0IKW) Headlines

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