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.