Kraft Heinz Co (KHC)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.68 | 4.99 | 4.95 | 5.11 | 6.41 | |
| Number of days of payables | days | 54.63 | 73.19 | 73.67 | 71.43 | 56.98 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.68
= 54.63
The number of days of payables for Kraft Heinz Co has shown fluctuations over the past five years based on the provided data.
- As of December 31, 2020, the company took approximately 56.98 days to pay its outstanding payables.
- This figure increased to around 71.43 days by December 31, 2021, indicating a potential slowdown in payment to creditors.
- The trend continued to rise, reaching 73.67 days by December 31, 2022, and slightly decreasing to 73.19 days by December 31, 2023.
- By December 31, 2024, the number of days of payables decreased significantly to approximately 54.63 days, possibly suggesting a more efficient management of accounts payable during that period.
These fluctuations in the number of days of payables can provide insights into the company's liquidity management, supplier relationships, and overall financial health over the specified years. It is essential for analysts to closely monitor these trends to assess the company's ability to meet its short-term obligations and manage working capital effectively.
Peer comparison
Dec 31, 2024