Knowles Cor (KN)
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 | 8.49 | 8.04 | 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 | 6.00 | 6.91 | 7.90 | 7.00 | |
| Number of days of payables | days | 42.98 | 45.38 | 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 | 60.88 | 52.79 | 46.20 | 52.15 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.49
= 42.98
Knowles Corp's number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the company had 43.00 days of payables, which decreased from the previous quarter's 45.82 days. This indicates that the company took fewer days to pay its suppliers in Q4 2023 compared to Q3 2023.
Looking further back, Q2 2023 had 41.75 days of payables, which was lower than both Q3 2023 and Q4 2023. However, in Q1 2023, the number of days of payables increased significantly to 60.22 days, suggesting that the company took longer to settle its payables in that quarter.
Comparing to the same quarter in the previous year, Q4 2022 saw 33.12 days of payables, which was lower than in Q4 2023. Q1 2022 had the highest number of days of payables at 58.91 days among the listed quarters.
Overall, Knowles Corp's number of days of payables has fluctuated, indicating varying payment behavior towards its suppliers. A lower number of days of payables may suggest efficient cash management, while a higher number may raise questions about liquidity and supplier relationships.
Peer comparison
Dec 31, 2023