Kimberly-Clark Corporation (KMB)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.65 | 3.86 | 3.69 | 3.67 | 3.67 | 3.86 | 3.82 | 3.58 | 3.47 | 3.70 | 3.77 | 3.87 | 3.69 | 4.06 | 4.00 | 4.32 | 4.07 | 4.28 | 4.23 | 4.20 | |
| Number of days of payables | days | 99.96 | 94.54 | 99.00 | 99.53 | 99.42 | 94.58 | 95.59 | 101.86 | 105.29 | 98.65 | 96.70 | 94.31 | 98.95 | 89.97 | 91.14 | 84.42 | 89.77 | 85.33 | 86.25 | 86.99 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.65
= 99.96
The number of days of payables for Kimberly-Clark Corp. has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables increased to 99.51 days compared to the previous quarter, Q3 2023, where it was 94.34 days. This suggests that the company took slightly longer to pay off its payables in Q4 2023.
Looking back over the past year, the number of days of payables has been relatively stable, with some minor fluctuations. In Q1 and Q4 of 2022, the number of days of payables was above 100 days, indicating that the company took more than three months, on average, to pay its suppliers and vendors.
Overall, the number of days of payables for Kimberly-Clark Corp. seems to be within a reasonable range, reflecting the company's payment practices and liquidity management. It will be important to monitor this metric in future quarters to assess any significant changes that may impact the company's financial health and relationships with suppliers.
Peer comparison
Dec 31, 2023
See also:
Kimberly-Clark Corporation Average Payables Payment Period (Quarterly Data)