Korn Ferry (KFY)

The provided data indicates a significant downward trend in the number of days of payables for Korn Ferry over the analyzed period. As of April 30, 2021, the company’s payable days stood at approximately 200.45 days, reflecting a relatively extended credit period extended to vendors or suppliers. By April 30, 2022, this figure decreased to 141.76 days, suggesting a reduction in the average time the company takes to settle its payables. The trend accelerated further by April 30, 2023, with the payable days diminishing markedly to 73.00 days. This sharp decline indicates a move toward more prompt payment practices or possibly improved cash flow management.

The downward trajectory persisted into April 30, 2024, with the number of payable days dropping to 8.40 days, which may suggest an even more aggressive payment strategy or alterations in vendor terms. However, by April 30, 2025, the payable days slightly increased to 10.52 days, implying a minor adjustment or stabilization at a lower level.

Overall, the analysis depicts a rapid decrease in Korn Ferry's average payables days over the four-year span, transitioning from an extended period of approximately 200 days to near-immediate or very short-term settlement days. This trend could be indicative of strategic shifts toward faster payments, improved liquidity positions, changes in vendor relationships or payment terms, or automation of payable processes. Such a pattern warrants further investigation into the company's operating cash flows and vendor management policies for a comprehensive understanding of the underlying causes driving these changes.

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Apr 30, 2025