Name: Payables Turnover

Definition: Payables turnover shows how fast the company pays its suppliers for goods or services bought on credit. A high turnover means the company pays suppliers quickly, which may reflect strong cash flow or favorable terms. A very low turnover might mean the company is stretching payments to preserve cash — or possibly experiencing financial strain.

Interpretation:
• In '2021', FND's payables turnover was 2.93, indicating how promptly the company pays its suppliers. Industry average for RETAIL: Building Materials in '2021' stood at 5.81.
• In '2022', FND's payables turnover was 3.89, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. Industry average for RETAIL: Building Materials in '2022' stood at 5.35. Industry average declined by 0.46 from previous year.
• In '2023', FND's payables turnover was 3.87, indicating how promptly the company pays its suppliers. The decline from '2022' may indicate some operational or financial challenges. Industry average for RETAIL: Building Materials in '2023' stood at 5.07. Industry average declined by 0.28 from previous year.
• In '2024', FND's payables turnover was 3.32, indicating how promptly the company pays its suppliers. The decline from '2023' may indicate some operational or financial challenges. Industry average for RETAIL: Building Materials in '2024' stood at 4.98. Industry average declined by 0.09 from previous year.
Overall, FND's payables turnover has been volatile but showed an upward trend over the past 4 years.

Formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable

Good Range: Ranges 5-15 depending on industry.