Keurig Dr Pepper Inc (KDP)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		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	2.87	3.06	3.20	3.35
Number of days of payables	days	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	127.19	119.16	114.04	109.02

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.34
= 109.23

Based on the data provided, Keurig Dr Pepper Inc's number of days of payables has exhibited a decreasing trend over the past eight quarters. The number of days of payables, which reflects how long the company takes to pay its suppliers, decreased from 282.18 days in Q4 2022 to 194.97 days in Q4 2023.

This downward trend suggests that Keurig Dr Pepper Inc has been able to manage its payables more efficiently, potentially negotiating better payment terms with its suppliers or streamlining its payment processes. A lower number of days of payables indicates that the company is paying its suppliers more promptly, which could help strengthen supplier relationships and potentially improve its working capital management.

Overall, the decreasing trend in the number of days of payables for Keurig Dr Pepper Inc over the past eight quarters reflects improved efficiency in managing its payables, which can have positive implications for its liquidity and financial health.