Kellanova (K)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		3.82	3.22	3.25	3.56	4.33	4.19	4.50	4.62	4.84	4.60	4.28	3.99	3.66	3.63	3.78	3.89	3.85	3.97	3.84	3.83
Number of days of payables	days	95.55	113.40	112.28	102.50	84.26	87.14	81.11	78.99	75.40	79.37	85.21	91.41	99.74	100.45	96.59	93.93	94.73	91.86	95.14	95.20

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 fluctuated over the past five years, ranging from a low of 75.40 days to a high of 113.40 days. The trend indicates that the number of days it takes for Kellanova to pay its suppliers has been increasing overall. This suggests that Kellanova may be taking longer to settle its payables, which could have implications for its relationships with suppliers and liquidity management. It would be important for Kellanova to monitor this trend closely and potentially implement strategies to optimize its payables management in order to maintain healthy supplier relationships and efficient working capital management.