Kroger Company (KR)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.36 | 16.56 | 15.29 | 15.38 | 15.20 | |
| Number of days of payables | days | 32.12 | 22.04 | 23.87 | 23.74 | 24.01 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.36
= 32.12
The number of days of payables for Kroger Company has shown a fluctuating trend over the past five years. As of February 3, 2024, the company takes approximately 32.12 days on average to pay off its trade payables, which indicates a longer period compared to the previous years. In January 2023, the number of days of payables was relatively lower at 22.04 days, suggesting a shorter payables turnover cycle.
It is worth noting that in January 2022 and January 2021, Kroger's number of days of payables stood at 23.87 days and 23.74 days, respectively, showing consistency in managing its payables within a similar range. However, there was a slight increase in payables days in February 2020, reaching 24.01 days.
Overall, the increasing trend in the number of days of payables for Kroger Company may indicate a potential shift towards a slower payment cycle, which could impact its working capital management and relationships with suppliers. Further analysis and comparison with industry benchmarks would provide additional insights into the company's payables management efficiency.
Peer comparison
Feb 3, 2024