Knife River Corporation (KNF)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,291,415 | |||
| Payables | US$ in thousands | 107,656 | 148,977 | 174,603 | 80,380 |
| Payables turnover | 21.28 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,291,415K ÷ $107,656K
= 21.28
The payables turnover ratio for Knife River Corporation as of December 31, 2023, is 21.28. This indicates that the company is able to pay off its accounts payable 21.28 times within the year. A high payables turnover ratio suggests that Knife River is efficiently managing its accounts payable by paying them off quickly. This could indicate strong supplier relationships and good cash flow management. However, it is important to consider industry standards and historical data to determine if the ratio is in line with expectations and trends.
Peer comparison
Dec 31, 2023
Company name
Symbol
Payables turnover
Knife River Corporation
KNF
21.28
Martin Marietta Materials Inc
MLM
15.56
MDU Resources Group Inc
MDU
6.95
Vulcan Materials Company
VMC
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