Knowles Cor (KN)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.45 | 11.82 | 11.80 | 5.60 | 7.01 | |
| Number of days of payables | days | 67.00 | 30.89 | 30.94 | 65.23 | 52.04 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.45
= 67.00
The number of days of payables for Knowles Cor has fluctuated over the years. In 2020, the company took an average of 52.04 days to pay its bills to suppliers. This duration increased to 65.23 days by the end of 2021, indicating a lengthening of the payment period. However, in 2022 and 2023, there was a notable improvement in efficiency as the number of days decreased to 30.94 days and 30.89 days, respectively.
By the end of 2024, there was a significant increase in the number of days of payables to 67.00 days. This change suggests that Knowles Cor might be taking longer to settle its accounts payables in that period. It is important for the company to manage its payables effectively to ensure healthy cash flow and maintain good relationships with suppliers.
Peer comparison
Dec 31, 2024