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.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Knife River Corporation
KNF
17.15
Martin Marietta Materials Inc
MLM
23.45
MDU Resources Group Inc
MDU
52.55
Vulcan Materials Company
VMC
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