Keurig Dr Pepper Inc (KDP)

Number of days of payables

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Payables turnover		4.35	3.86	3.87	3.75	3.34	3.00	2.73	2.53	2.34	2.26	2.25	2.35	2.41	2.39	2.41	2.46	2.54	2.66	2.77	2.86
Number of days of payables	days	83.93	94.64	94.35	97.33	109.23	121.77	133.58	144.05	155.73	161.66	161.98	155.61	151.55	152.41	151.22	148.17	143.50	137.37	131.53	127.66

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.35
= 83.93

Keurig Dr Pepper Inc's number of days of payables has displayed a fluctuating trend over the years. Starting from 127.66 days on March 31, 2020, the number of days of payables increased steadily, reaching its peak at 161.98 days on June 30, 2022. However, there was a notable decrease to 109.23 days by the end of December 31, 2023. The trend continued downwards, reaching 83.93 days by the end of December 31, 2024.

This suggests that Keurig Dr Pepper Inc improved its ability to manage its payables more efficiently towards the end of the observed period. A lower number of days of payables indicates that the company is taking less time to pay off its suppliers, which can sometimes indicate improved liquidity and financial health. It could also reflect stronger negotiating power with suppliers or more effective cash flow management.