Korn Ferry (KFY)
Number of days of payables
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 34.70 | 40.20 | 48.42 | 34.62 | 25.60 | 17.67 | 6.98 | 6.03 | 5.00 | 5.25 | 3.96 | 2.76 | 2.57 | 2.39 | 2.38 | 1.91 | 1.82 | 2.27 | 2.84 | 3.21 | |
| Number of days of payables | days | 10.52 | 9.08 | 7.54 | 10.54 | 14.26 | 20.65 | 52.28 | 60.52 | 73.00 | 69.55 | 92.18 | 132.36 | 141.76 | 152.56 | 153.18 | 191.30 | 200.45 | 160.91 | 128.63 | 113.64 |
April 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 34.70
= 10.52
The analysis of Korn Ferry's number of days of payables over the period from July 31, 2020, to April 30, 2025, indicates a pronounced downward trend in the company's accounts payable duration.
In July 2020, the duration of payables was approximately 113.64 days, increasing significantly to a peak of around 200.45 days by April 30, 2021. This suggests that during this period, Korn Ferry extended its payment cycles, possibly reflecting strategic suppliers' negotiations, cash management practices, or shifts in payment policies.
Subsequently, from the second quarter of fiscal 2021 onward, there was a recognizable decline in the days payable outstanding (DPO). By October 31, 2021, the figure had decreased to approximately 153.18 days, steadily declining to around 132.36 days by July 31, 2022. The downward trend persisted further, reaching approximately 92.18 days in October 2022 and nearly halving to 69.55 days by January 31, 2023.
This decline continued through 2023, with the days payable reducing to approximately 73 days as of April 30, 2023, and further down to 60.52 days by July 31, 2023. The trend persisted into the subsequent quarters, with the days of payables notably decreasing to 52.28 days in October 2023, and reaching roughly 20.65 days by January 31, 2024.
From early 2024 onward, the decline in payables has been quite sharp, with the figure reaching as low as approximately 14.26 days in April 2024, and further down to about 10.54 days by July 2024. By October 2024, the number of days payable was approximately 7.54 days, and it slightly increased to about 9.08 days in January 2025, followed by a modest rise to roughly 10.52 days in April 2025.
Overall, the trend demonstrates a significant reduction in Korn Ferry’s days payable outstanding over the analyzed period. This trajectory reflects a trend toward quicker payments to suppliers, potentially indicating improved cash flow management, changes in payment terms, or strategic shifts to reduce outstanding liabilities and optimize working capital.
Peer comparison
Apr 30, 2025