Kaiser Aluminum Corporation (KALU)
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 | 11.00 | 11.85 | 12.32 | 10.94 | 10.57 | 9.53 | 7.64 | 6.71 | 6.74 | 5.41 | 4.00 | 3.61 | 11.18 | 16.67 | 18.79 | 10.65 | 13.48 | 13.16 | 12.43 | 10.44 | |
| Number of days of payables | days | 33.17 | 30.80 | 29.63 | 33.36 | 34.54 | 38.30 | 47.80 | 54.36 | 54.17 | 67.43 | 91.32 | 101.00 | 32.66 | 21.89 | 19.43 | 34.27 | 27.07 | 27.73 | 29.36 | 34.95 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.00
= 33.17
The number of days of payables for Kaiser Aluminum Corp has shown a decreasing trend over the past two years, indicating the company has been more efficient in managing its payables. In Q4 2023, the number of days of payables was 33.48 days, compared to 54.76 days in Q1 2022. This suggests that the company is taking longer to pay its suppliers, which could potentially free up cash flow in the short term. It is worth noting that while the trend is positive, it is important to assess the sustainability of this approach and ensure that it does not negatively impact relationships with suppliers in the long run.
Peer comparison
Dec 31, 2023