Kyndryl Holdings Inc (KD)
Payables turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,939,000 | 12,073,000 | 12,276,000 | 12,674,000 | 13,189,000 | 13,667,000 | 14,079,000 | 14,270,000 | 14,498,000 | 14,710,000 | 15,125,000 | 15,694,000 | 16,242,000 | 16,736,000 | 16,992,000 | 17,142,000 | 17,135,000 | 17,089,500 |
| Payables | US$ in thousands | -89,000 | 1,147,000 | 1,240,000 | 1,337,000 | 1,408,000 | 1,477,000 | 1,246,000 | 1,626,000 | 1,774,000 | 1,719,000 | 1,594,000 | 1,486,000 | 1,555,000 | 1,140,000 | 798,000 | 803,000 | 803,000 | 919,000 |
| Payables turnover | — | 10.53 | 9.90 | 9.48 | 9.37 | 9.25 | 11.30 | 8.78 | 8.17 | 8.56 | 9.49 | 10.56 | 10.45 | 14.68 | 21.29 | 21.35 | 21.34 | 18.60 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,939,000K ÷ $-89,000K
= —
Kyndryl Holdings Inc's payables turnover has decreased from 18.60 in December 2020 to 10.53 in December 2024. This indicates that the company took longer to pay its suppliers in 2024 compared to 2020. The downward trend in the payables turnover ratio suggests that Kyndryl may be taking longer to settle its accounts payable, which could potentially strain its relationships with suppliers. It is important for the company to monitor and improve its payables turnover to ensure efficient cash flow management and maintain healthy supplier relationships. However, please note that the data for March 2025 is missing, so we are unable to provide an analysis for that period.
Peer comparison
Mar 31, 2025