Kennametal Inc (KMT)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.41 | 7.38 | 7.40 | 7.23 | 7.04 | 7.19 | 6.76 | 6.68 | 5.99 | 6.80 | 7.16 | 7.43 | 7.26 | 7.46 | 9.08 | 9.35 | 8.24 | 8.90 | 8.84 | 7.79 | |
| Number of days of payables | days | 49.24 | 49.47 | 49.33 | 50.50 | 51.84 | 50.77 | 54.01 | 54.61 | 60.96 | 53.67 | 50.96 | 49.10 | 50.31 | 48.96 | 40.21 | 39.05 | 44.32 | 41.03 | 41.27 | 46.87 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.41
= 49.24
The number of days of payables for Kennametal Inc has shown some fluctuation over the past few quarters, ranging from a low of 39.05 days to a high of 60.96 days. Generally, the company takes around 50 days to pay its suppliers, with some quarters depicting slightly shorter or longer payment cycles. It is important to monitor this metric over time to understand the company's efficiency in managing its accounts payable and vendor relationships.