Kadant Inc (KAI)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 17.57 | 17.15 | 15.52 | 14.75 | 18.95 | 17.92 | 15.93 | 13.15 | 9.92 | 10.72 | 10.01 | 7.95 | 11.55 | 8.91 | 9.94 | 10.53 | 12.42 | 12.49 | 10.60 | 10.75 | |
| Number of days of payables | days | 20.77 | 21.28 | 23.52 | 24.74 | 19.26 | 20.36 | 22.91 | 27.76 | 36.81 | 34.04 | 36.47 | 45.93 | 31.59 | 40.99 | 36.70 | 34.66 | 29.38 | 29.21 | 34.43 | 33.95 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.57
= 20.77
The number of days of payables for Kadant Inc has exhibited fluctuations over the periods covered in the data. The average number of days of payables decreased from approximately 33.95 days as of March 31, 2020, to 20.77 days as of December 31, 2024.
There was a notable increase in the number of days of payables from March 31, 2021, to March 31, 2022, where the number spiked from 34.66 days to 45.93 days. Subsequently, the figure decreased to 19.26 days by December 31, 2023.
The trend suggests that the company has been managing its payables more efficiently towards the end of the period covered in the data. Lower number of days of payables can indicate that Kadant Inc is potentially paying its suppliers more promptly, which could be a sign of strong liquidity and vendor relationships. However, it is important to consider the company's operational and industry-specific characteristics when interpreting this ratio for a more comprehensive analysis of its financial performance.
Peer comparison
Dec 31, 2024