Knowles Cor (KN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.27 | 11.80 | 5.60 | 7.01 | 6.01 | |
| Number of days of payables | days | 44.14 | 30.94 | 65.23 | 52.04 | 60.76 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.27
= 44.14
Knowles Corp's number of days of payables has fluctuated over the past five years. As of December 31, 2023, the company took an average of 43.00 days to pay its suppliers, which is higher compared to the previous year. This indicates that Knowles Corp was taking longer to settle its payables in 2023.
In 2022, the number of days of payables was 33.12 days, showing a shorter payment period compared to 2023. This suggests that the company managed to improve its efficiency in paying suppliers within a shorter timeframe.
In 2021, the number of days of payables was significantly higher at 65.23 days, indicating a prolonged period for settling payables. However, in 2020 and 2019, the number of days of payables stood at 52.28 days and 60.96 days, respectively, showing variability in the payment cycle over the years.
Overall, the trend in Knowles Corp's number of days of payables reflects fluctuating payment practices, with the company taking longer to pay its suppliers in some years and shortening the payment period in others. This variability could be influenced by various factors, including cash flow management, supplier relationships, and internal operational efficiency.
Peer comparison
Dec 31, 2023