Fastenal Payables Turnover from 2010 to 2024

FAST Stock  USD 72.46  1.96  2.63%   
Fastenal Payables Turnover yearly trend continues to be comparatively stable with very little volatility. Payables Turnover will likely drop to 12.34 in 2024. Payables Turnover is a liquidity ratio that shows how quickly Fastenal Company pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
15.11624385
Current Value
12.34
Quarterly Volatility
2.29148154
 
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Check Fastenal financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fastenal's main balance sheet or income statement drivers, such as Depreciation And Amortization of 186.2 M, Interest Expense of 11.3 M or Total Revenue of 7.7 B, as well as many indicators such as Price To Sales Ratio of 3.1, Dividend Yield of 0.0289 or PTB Ratio of 8.86. Fastenal financial statements analysis is a perfect complement when working with Fastenal Valuation or Volatility modules.
  
Check out the analysis of Fastenal Correlation against competitors.

Latest Fastenal's Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of Fastenal Company over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. Fastenal's Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fastenal's overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Slightly volatile
   Payables Turnover   
       Timeline  

Fastenal Payables Turnover Regression Statistics

Arithmetic Mean15.47
Geometric Mean15.32
Coefficient Of Variation14.81
Mean Deviation1.84
Median15.10
Standard Deviation2.29
Sample Variance5.25
Range7.7203
R-Value(0.47)
Mean Square Error4.43
R-Squared0.22
Significance0.08
Slope(0.24)
Total Sum of Squares73.51

Fastenal Payables Turnover History

2024 12.34
2023 15.12
2022 14.76
2021 13.87
2020 14.88
2019 14.62
2018 13.26

About Fastenal Financial Statements

Fastenal shareholders use historical fundamental indicators, such as Payables Turnover, to determine how well the company is positioned to perform in the future. Although Fastenal investors may analyze each financial statement separately, they are all interrelated. The changes in Fastenal's assets and liabilities, for example, are also reflected in the revenues and expenses on on Fastenal's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Payables Turnover 15.12  12.34 

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Additional Tools for Fastenal Stock Analysis

When running Fastenal's price analysis, check to measure Fastenal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.