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