Korn Ferry (KFY)
Payables turnover
| 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 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,202,141 | 2,240,283 | 2,319,951 | 2,265,147 | 2,247,259 | 2,214,637 | 2,118,025 | 2,093,085 | 2,009,412 | 1,940,481 | 1,807,452 | 1,656,153 | 1,568,296 | 1,428,726 | 1,495,620 | 1,541,506 | 1,577,353 | 1,644,946 | 1,587,166 | 1,580,875 |
| Payables | US$ in thousands | 50,112 | 46,368 | 46,375 | 50,731 | 53,386 | 42,035 | 48,623 | 55,003 | 50,932 | 47,203 | 41,800 | 46,945 | 44,993 | 37,858 | 37,639 | 36,975 | 45,684 | 36,044 | 30,599 | 33,174 |
| Payables turnover | 43.94 | 48.32 | 50.03 | 44.65 | 42.09 | 52.69 | 43.56 | 38.05 | 39.45 | 41.11 | 43.24 | 35.28 | 34.86 | 37.74 | 39.74 | 41.69 | 34.53 | 45.64 | 51.87 | 47.65 |
April 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,202,141K ÷ $50,112K
= 43.94
The payables turnover ratio measures how efficiently a company pays its suppliers by comparing the cost of goods sold to average accounts payable. A higher payables turnover ratio indicates that a company is paying its suppliers more quickly.
Analyzing the payables turnover ratio of Korn Ferry over the past several periods, we observe fluctuations in the ratio ranging from a low of 34.53 to a high of 52.69. Generally, a higher payables turnover ratio can suggest effective management of cash flow and a good relationship with suppliers.
In the most recent period, Korn Ferry's payables turnover ratio was 43.94, indicating that the company paid its suppliers approximately 43.94 times in that period. Comparing this to previous periods, the payables turnover ratio has been relatively consistent, hovering around the 40-50 range.
Overall, the consistency in Korn Ferry's payables turnover ratio suggests a stable relationship with its suppliers and efficient management of payables. Further analysis of the company's financial position and cash flow management would provide a more comprehensive understanding of its payables strategy.
Peer comparison
Apr 30, 2024