Kraft Heinz Co (KHC)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		4.79	5.07	4.86	—	4.95	4.02	3.79	3.67	3.67	4.94	5.03	6.51	6.41	7.08	7.22	5.94	5.98	12.98	13.14	12.89
Number of days of payables	days	76.19	72.01	75.04	—	73.67	90.85	96.42	99.45	99.35	73.86	72.53	56.10	56.98	51.58	50.53	61.47	61.00	28.13	27.77	28.32

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.79
= 76.19

The number of days of payables for Kraft Heinz Co has fluctuated over the past five years. The company's payables turnover has generally been in the range of 50 to 100 days, indicating the average number of days it takes for the company to pay its suppliers.

In the most recent period as of December 31, 2023, the number of days of payables stood at 76.19 days, showing a slight increase compared to the previous quarter. This suggests that the company is taking slightly longer to pay its suppliers, which could potentially impact its cash flow and relationships with its vendors.

It is important for investors and analysts to monitor the trend in the number of days of payables to assess how efficiently Kraft Heinz Co is managing its working capital and vendor relationships. Higher days of payables may indicate potential cash flow issues or strained relationships with suppliers, while lower days of payables might suggest more efficient cash management and better negotiating power with vendors.