Knowles Cor (KN)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.09 | 13.73 | 8.53 | 6.28 | 10.88 | 7.18 | 8.83 | 6.12 | 11.12 | 8.09 | 7.73 | 6.20 | 5.60 | 7.22 | 7.17 | 6.28 | 6.98 | 7.02 | 6.61 | 6.55 | |
| Number of days of payables | days | 51.51 | 26.58 | 42.80 | 58.15 | 33.56 | 50.84 | 41.35 | 59.65 | 32.83 | 45.09 | 47.21 | 58.91 | 65.23 | 50.55 | 50.94 | 58.16 | 52.28 | 51.97 | 55.24 | 55.75 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.09
= 51.51
The number of days of payables for Knowles Cor has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the number of days of payables was around 55 days, indicating that the company takes approximately 55 days to pay its suppliers.
However, there was a decrease in the number of days of payables by September 2020, reaching 51.97 days, and it hovered around this level for a few quarters. Subsequently, there was an increase in the number of days of payables by March 31, 2021, to 58.16 days, indicating that the company started taking longer to pay its suppliers.
The trend reversed by June 30, 2021, as the number of days of payables decreased to 50.94 days, signaling a more efficient management of payables. This trend continued, with a further decrease in the number of days of payables to 26.58 days by September 30, 2024, showing that the company significantly improved its payables management efficiency.
Overall, the company's number of days of payables has shown variability over the years, with fluctuations indicating changes in the company's payment practices and relationships with suppliers. A decreasing trend in the number of days of payables can suggest improved liquidity or negotiation power with suppliers, while an increasing trend may indicate potential liquidity issues or stretched payment terms.
Peer comparison
Dec 31, 2024