Knife River Corporation (KNF)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
Payables turnover		21.28
Number of days of payables	days	17.15

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.28
= 17.15

Knife River Corporation's number of days of payables as of December 31, 2023, was 17.15 days. This ratio indicates the average number of days it takes for the company to pay its suppliers. A lower number of days of payables suggests that Knife River is able to settle its accounts payable quicker, which may signal good liquidity and strong relationships with suppliers. However, it's essential to consider industry norms and trends in order to evaluate the efficiency of Knife River's payables management further.