KBR Inc (KBR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.14 | 9.88 | 6.90 | 8.89 | 8.72 | |
| Number of days of payables | days | 32.75 | 36.93 | 52.86 | 41.07 | 41.87 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.14
= 32.75
KBR Inc's number of days of payables has exhibited fluctuations over the past five years. As of December 31, 2023, the company's number of days of payables stands at 32.75 days, showing an improvement compared to the previous year. This indicates that KBR Inc takes approximately 32.75 days to pay off its trade payables on average.
In comparison to the data from previous years, there has been a general trend of decreasing number of days of payables since 2021, suggesting more efficient management of trade payables. This could potentially indicate better cash flow management or negotiation of more favorable payment terms with suppliers.
It is important to note that a lower number of days of payables may imply a more aggressive approach in managing working capital, while a higher number may indicate a more conservative strategy. Therefore, assessing the context and industry benchmarks is essential in determining the effectiveness of KBR Inc's payables management.
Peer comparison
Dec 31, 2023