Kodiak Gas Services, Inc. (KGS)

The number of days of payables for Kodiak Gas Services, Inc. demonstrates notable fluctuation over the examined period. At the end of 2020, the company maintained an average of approximately 37.53 days payable, representing a moderate period for settling liabilities. This figure increased substantially in 2021 to 65.29 days, indicating a tendency to extend payment terms or delays in settling accounts payable. By the end of 2022, this metric decreased to 51.87 days, suggesting a partial reduction in the payable period, though it remained elevated relative to 2020 levels. The downward trend continued into 2023, with payables averaging 34.08 days, indicating a significant reduction and approaching a more efficient or normative cycle. This trend further improved in 2024, with the days of payables decreasing to 29.24 days, reflecting a move towards more prompt payments or tighter management of liabilities. Overall, the data indicates a trend toward shortening the payables period over the four-year span, culminating in a net reduction from the peak in 2021, which may imply improved liquidity management or shifts in payment policies.

Peer comparison

Dec 31, 2024