Keurig Dr Pepper Inc (KDP)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.38 | 2.37 | 2.43 | 2.63 | 2.96 | |
| Number of days of payables | days | 108.12 | 154.30 | 150.00 | 138.80 | 123.26 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.38
= 108.12
Keurig Dr Pepper Inc's number of days of payables, a measure of how long the company takes to pay its suppliers, has shown a fluctuating trend over the past five years. The number of days of payables was 194.97 days as of December 31, 2023, indicating that the company takes approximately 195 days to settle its payables. This represents a significant improvement compared to the previous year, where the company took 282.18 days to pay its suppliers.
Looking further back, the number of days of payables has generally been increasing since 2019. In 2021 and 2022, Keurig Dr Pepper Inc took 276.08 days and 266.00 days, respectively, to pay off its obligations to suppliers. This suggests a potential lengthening of the company's payment cycles during those years. However, in 2019, the company managed its payables more efficiently with only 242.62 days required to settle its debts to suppliers.
Overall, the fluctuating trend in Keurig Dr Pepper Inc's number of days of payables indicates varying levels of efficiency in managing supplier payments over the past five years. The company's ability to maintain a balance between extending payment terms and maintaining good relationships with suppliers will be crucial for its financial health and sustainability.
Peer comparison
Dec 31, 2023