Korn Ferry (KFY)
Payables turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,202,140 | 2,247,260 | 2,009,400 | 1,540,810 | 1,580,010 |
| Payables | US$ in thousands | 50,112 | 53,386 | 50,932 | 44,993 | 45,684 |
| Payables turnover | 43.94 | 42.09 | 39.45 | 34.25 | 34.59 |
April 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,202,140K ÷ $50,112K
= 43.94
The payables turnover ratio for Korn Ferry has shown a generally increasing trend over the past five years, indicating the company's ability to efficiently manage its accounts payable.
In particular, the payables turnover has increased from 34.59 in April 2020 to 43.94 in April 2024, showcasing a consistent improvement in the company's management of its payables.
This upward trend suggests that Korn Ferry has been able to pay off its suppliers more frequently in recent years, which could be a positive sign of strong liquidity and effective working capital management.
Overall, the increasing payables turnover ratio reflects a more efficient use of the company's resources and a potential improvement in supplier relationships.
Peer comparison
Apr 30, 2024