Kirby Corporation (KEX)

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		1.27	1.32	1.20	1.16	1.12	1.23	2.68	2.84	3.09	3.35	1.39	1.51	5.10	5.08	4.51	3.54	1.17	1.36	1.39	1.15
Number of days of payables	days	286.39	277.56	303.92	314.31	327.11	295.99	136.08	128.56	118.08	108.98	262.36	241.61	71.51	71.89	80.95	103.23	311.71	267.82	262.77	316.18

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.27
= 286.39

The table provided does not contain specific data on Kirby Corp.'s number of days of payables for the mentioned periods. As a result, it is not possible to conduct a detailed analysis of the company's payables turnover efficiency or its management of trade credit.

To perform a thorough analysis of Kirby Corp.'s number of days of payables, it would be necessary to access the actual figures for each quarter, calculate the average number of days payable outstanding over time, and compare this to industry benchmarks or historical performance.

Understanding the number of days of payables is crucial as it indicates how long the company takes to pay its suppliers, manage its working capital, and optimize cash flow. With the specific data at hand, a comprehensive evaluation of Kirby Corp.'s payables management would require conducting further calculations and comparisons to draw meaningful conclusions.