Kimberly-Clark Corporation (KMB)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.66 | 3.66 | 3.49 | 3.69 | 4.06 | |
| Number of days of payables | days | 99.74 | 99.72 | 104.50 | 98.85 | 89.82 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.66
= 99.74
The number of days of payables for Kimberly-Clark Corp. has fluctuated over the past five years. As of December 31, 2023, the company took approximately 99.51 days to pay its suppliers, which is slightly lower compared to the previous year. This indicates that the company is managing its accounts payable efficiently, as it is taking fewer days to settle its obligations.
Looking at the trend over the last five years, we can observe some variability in the number of days of payables. In 2021, the number of days to payables was relatively higher at 104.19 days, suggesting that the company may have taken longer to pay its suppliers during that period. However, in 2019, the number of days of payables was significantly lower at 89.82 days, indicating that the company was able to settle its payables more quickly that year.
Overall, the fluctuation in the number of days of payables for Kimberly-Clark Corp. indicates varying trends in the company's payment practices over the years. Analyzing this ratio alongside other financial metrics can provide a more comprehensive understanding of the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023