Kraft Heinz Co (KHC)

Payables turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cost of revenue (ttm) US$ in thousands 27,981,000 25,706,000 24,388,000 22,933,000 23,076,000 23,532,000 23,018,000 24,294,000 24,019,000 19,016,000 18,087,000 16,920,000 17,462,000 21,645,000 22,096,000 27,487,000 27,572,000 28,675,000 28,028,000 23,490,000
Payables US$ in thousands 4,188,000 4,553,000 4,448,000 4,421,000 4,627,000 4,463,000 4,545,000 4,848,000 4,733,000 4,778,000 4,610,000 4,753,000 4,380,000 4,391,000 4,225,000 4,304,000 4,052,000 3,880,000 3,956,000
Payables turnover 6.68 5.65 5.48 5.19 4.99 5.27 5.06 4.95 4.02 3.79 3.67 3.67 4.94 5.03 6.51 6.41 7.08 7.22 5.94

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $27,981,000K ÷ $4,188,000K
= 6.68

The payables turnover ratio for Kraft Heinz Co, which measures how quickly the company pays its suppliers, has fluctuated over the years based on the provided data. The ratio indicates how many times a company pays off its average accounts payable balance during a certain period.

From March 31, 2020, to June 30, 2021, the payables turnover ratio showed an increasing trend, indicating that the company was managing its payables more efficiently during this period. However, from June 30, 2021, to December 31, 2024, the ratio fluctuated within a range of 3.67 to 6.68.

Notable points include a decrease in the payables turnover ratio from June 30, 2021, to September 30, 2021, which might suggest a potential delay in payments to suppliers during that quarter. Additionally, from September 30, 2022, to March 31, 2024, the payables turnover ratio remained relatively stable, indicating a consistent payment pattern during that period.

The latest available data shows a payables turnover ratio of 6.68 as of December 31, 2024. This suggests that the company is paying its suppliers approximately 6.68 times a year, which indicates a relatively healthy liquidity position and efficient management of supplier payments at the end of 2024.


Peer comparison

Dec 31, 2024


See also:

Kraft Heinz Co Payables Turnover (Quarterly Data)