Kadant Inc (KAI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.57 | 18.95 | 13.14 | 11.55 | 17.43 | |
| Number of days of payables | days | 20.77 | 19.26 | 27.77 | 31.59 | 20.94 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.57
= 20.77
Kadant Inc's number of days of payables has shown some fluctuations over the years as indicated in the data provided. As of December 31, 2020, the company took approximately 20.94 days to pay its accounts payable, which increased to around 31.59 days by December 31, 2021. However, by the end of December 31, 2022, the number of days of payables decreased to approximately 27.77 days.
Subsequently, as of December 31, 2023, Kadant Inc improved its payables efficiency by reducing the number of days to about 19.26 days. This efficiency was maintained as of December 31, 2024, with the company taking around 20.77 days to settle its payables.
Overall, these fluctuations in Kadant Inc's number of days of payables indicate potential changes in the company's payment policies or relationships with suppliers, with a general trend towards shorter payables periods in recent years.
Peer comparison
Dec 31, 2024