Kellanova (K)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.82 | 3.44 | 4.84 | 3.66 | 3.85 | |
| Number of days of payables | days | 95.55 | 106.01 | 75.40 | 99.74 | 94.73 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.82
= 95.55
Kellanova's number of days of payables has exhibited fluctuations over the past five years. The trend indicates that the company took longer to pay its suppliers in 2022 compared to 2021, with the number of days of payables increasing from 75.40 days in 2021 to 106.01 days in 2022. However, in 2023, there was an improvement as Kellanova reduced its payment period to 95.55 days.
Comparing the latest data to 2020 and 2019, Kellanova's number of days of payables in 2023 was lower than in 2020 but slightly higher than in 2019. This suggests that the company may have improved its efficiency in managing payables in 2023 compared to the previous year but still had a longer payment period than in 2019.
Overall, Kellanova's number of days of payables has shown variability, reflecting changes in the company's payment policies and possibly its relationships with suppliers. Further analysis of the underlying reasons for these fluctuations would provide more insight into the company's working capital management and financial performance.
Peer comparison
Dec 31, 2023