Knight Transportation Inc (KNX)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		15.24	16.82	21.18	22.41	21.60	18.52	18.30	14.57	14.64	16.95	18.30	21.31	26.65	18.48	20.62	16.43	28.77	19.94	17.92	19.00
Number of days of payables	days	23.95	21.70	17.23	16.29	16.90	19.71	19.94	25.05	24.94	21.54	19.95	17.13	13.69	19.75	17.70	22.22	12.69	18.30	20.36	19.21

December 31, 2023 calculation

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

The number of days of payables for Knight-Swift Transportation Holdings Inc has shown variability over the past eight quarters. An upward trend can be observed from the first quarter of 2022 where it was at 60.31 days, reaching a peak of 145.23 days in the third quarter of 2022, before decreasing to 74.83 days in the fourth quarter of the same year. In the first quarter of 2023, the number of days of payables is not available.

A high number of days of payables could indicate that the company is taking longer to pay its suppliers, potentially straining relationships or taking advantage of extended payment terms. Conversely, a lower number of days may signify efficient management of payables. It is important for investors and analysts to further investigate the reasons behind the fluctuations in the number of days of payables to assess the company's financial health and operational efficiency.