WK Kellogg Co (KLG)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Payables turnover | 5.07 | 5.14 | 4.82 | |
| Number of days of payables | days | 72.05 | 71.01 | 75.79 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.07
= 72.05
WK Kellogg Co's number of days of payables has shown a slight decrease over the second half of 2024. As of June 30, 2024, the company had an average payable period of 75.79 days, which decreased to 71.01 days by September 30, 2024, and then increased slightly to 72.05 days by December 31, 2024.
A lower number of days of payables indicates that the company is taking fewer days to pay its suppliers, which could potentially strain its cash flow but may also reflect efficient management of payables. It's important to monitor trends in this ratio over time to assess the company's liquidity management and relationship with suppliers.
Peer comparison
Dec 31, 2024