Koppers Holdings Inc (KOP)
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 | 9.76 | 9.50 | 9.99 | 8.67 | 8.96 | 9.57 | 8.58 | 8.55 | 9.11 | 9.66 | 10.19 | 10.70 | 9.91 | 12.01 | 12.13 | 10.50 | 10.15 | 13.45 | 11.69 | 11.53 | |
| Number of days of payables | days | 37.41 | 38.43 | 36.52 | 42.12 | 40.73 | 38.13 | 42.55 | 42.71 | 40.05 | 37.80 | 35.82 | 34.13 | 36.84 | 30.38 | 30.10 | 34.75 | 35.96 | 27.13 | 31.22 | 31.66 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.76
= 37.41
Koppers Holdings Inc's number of days of payables has fluctuated over the past eight quarters. In Q4 2023, the company took approximately 42.82 days to pay its suppliers, which was slightly lower compared to the previous quarter but higher than the same quarter in the previous year. This indicates that the company may be managing its payables more efficiently in the most recent quarter.
Overall, the trend in the number of days of payables shows some variability, with periods of both increase and decrease. It is important for investors and stakeholders to closely monitor this ratio as it can provide insights into the company's liquidity position and cash management practices. A decreasing number of days of payables may suggest that the company is paying its suppliers more quickly, which could strain its cash flows, while an increasing number of days may indicate that the company is holding onto cash longer, potentially signaling financial distress or inefficiencies in its operations.
Peer comparison
Dec 31, 2023