Knight Transportation Inc (KNX)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		15.24	21.60	14.77	26.65	28.22
Number of days of payables	days	23.95	16.90	24.71	13.69	12.93

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.24
= 23.95

To calculate the number of days of payables for Knight-Swift Transportation Holdings Inc, we need two key pieces of financial information: accounts payable and cost of goods sold.

Days Payables Outstanding (DPO) = (Accounts Payable / Cost of Goods Sold) x 365

Since the specific values for accounts payable and cost of goods sold are not provided in the table, we cannot compute the number of days of payables for Knight-Swift Transportation Holdings Inc. The DPO metric helps in determining how long, on average, a company takes to pay its suppliers. A higher DPO may indicate that the company is taking longer to pay its bills, potentially improving cash flow, but it could also strain relationships with suppliers. Conversely, a lower DPO may mean the company is paying its suppliers more quickly, possibly benefiting from discounts or maintaining good relationships.

Analyzing the trend in the number of days of payables over the years would provide insights into Knight-Swift Transportation Holdings Inc's payment practices and liquidity management. A decreasing trend could suggest efficiency in managing payables, while an increasing trend might indicate cash flow challenges or changes in supplier dynamics. However, without the specific data points, a detailed analysis of the company's payables management is not feasible.