Kaiser Aluminum Corporation (KALU)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.00 | 10.59 | 6.75 | 11.20 | 13.67 | |
| Number of days of payables | days | 33.19 | 34.46 | 54.05 | 32.60 | 26.70 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.00
= 33.19
Kaiser Aluminum Corp's number of days of payables has exhibited fluctuating trends over the past five years. In 2023, the company took approximately 33.48 days to pay its creditors, showing a slight decrease from the previous year when it took 35.02 days. This suggests improved efficiency in managing and settling its accounts payable obligations.
Comparing the data to 2021, there was a significant reduction in the number of days of payables from 54.62 days to 33.48 days in 2023, indicating a commendable effort in accelerating payment cycles. In 2020, the number of days of payables was similar to 2023 at 33.39 days, showcasing consistency in managing payables over the two years.
In contrast, in 2019, Kaiser Aluminum Corp had a lower number of days of payables at 27.63 days compared to the most recent years. This implies that the company was more efficient in managing its payables in 2019 than in the subsequent years.
Overall, the trend in Kaiser Aluminum Corp's number of days of payables highlights improvements in managing its accounts payable obligations, with variations seen across the years reflecting the company's changing approach to payment cycles.
Peer comparison
Dec 31, 2023