Kyndryl Holdings Inc (KD)

Number of days of payables

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Dec 31, 2021	Sep 30, 2021
Payables turnover		9.37	9.25	11.30	8.78	8.17	8.66	9.64
Number of days of payables	days	38.97	39.45	32.30	41.59	44.66	42.15	37.88

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.37
= 38.97

The number of days of payables for Kyndryl Holdings Inc has shown some fluctuations over the past several quarters. On March 31, 2024, the number of days of payables was 38.97 days, a slight decrease from the previous quarter's figure of 39.45 days as of December 31, 2023. This suggests that the company took slightly fewer days to pay its suppliers in the recent quarter.

Looking back at the trend over the past year, we can see that the number of days of payables has varied, with the highest value recorded on March 31, 2023, at 44.66 days. This indicates that the company took longer to pay its payables during that period. The lowest value within the same timeframe was on September 30, 2022, at 37.88 days.

Overall, the fluctuation in the number of days of payables may indicate changes in Kyndryl's working capital management or in its relationships with suppliers. Monitoring this ratio over time can provide insights into the company's payment practices and its liquidity position.