WK Kellogg Co (KLG)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,599,000 | 2,611,000 | 2,591,000 |
| Payables | US$ in thousands | 513,000 | 508,000 | 538,000 |
| Payables turnover | 5.07 | 5.14 | 4.82 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,599,000K ÷ $513,000K
= 5.07
WK Kellogg Co's payables turnover ratio can be analyzed by examining the trend over the three periods provided.
From June 30, 2024, to September 30, 2024, there was an increase in payables turnover from 4.82 to 5.14, indicating that the company is taking less time to pay off its suppliers and creditors. This can be a positive sign, suggesting improved efficiency in managing its accounts payable.
However, from September 30, 2024, to December 31, 2024, the payables turnover decreased slightly to 5.07. While still higher than the initial ratio, this drop may suggest the company is taking slightly longer to pay its payables compared to the previous period.
Overall, the payables turnover ratio for WK Kellogg Co shows a general improvement in the efficiency of managing its accounts payable over the periods analyzed, with a minor dip in the most recent period. Continued monitoring of this ratio will be essential to assess the company's ability to effectively manage its payables in the future.
Peer comparison
Dec 31, 2024