Korn Ferry (KFY)
Number of days of payables
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 43.94 | 42.09 | 39.45 | 34.25 | 34.59 | |
| Number of days of payables | days | 8.31 | 8.67 | 9.25 | 10.66 | 10.55 |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 43.94
= 8.31
The number of days of payables for Korn Ferry has exhibited a decreasing trend over the past five years, indicating a more efficient management of accounts payables. In the most recent fiscal year ending April 30, 2024, the company took an average of 8.31 days to pay its suppliers, which was lower compared to the previous year's figure of 8.67 days. This indicates that Korn Ferry has been able to extend its payment periods to suppliers, potentially improving its cash flow and liquidity position. Moreover, the company's number of days of payables have significantly decreased from 10.66 days in April 2021 to 8.31 days in April 2024, showcasing a notable improvement in managing its payables efficiently. Overall, the decreasing trend in the number of days of payables suggests that Korn Ferry has been successful in optimizing its payment cycles and maintaining favorable relationships with its suppliers.
Peer comparison
Apr 30, 2024