Kroger Company (KR)
Number of days of payables
| Feb 3, 2024 | Nov 4, 2023 | Aug 12, 2023 | May 20, 2023 | Jan 28, 2023 | Nov 5, 2022 | Aug 13, 2022 | May 21, 2022 | Jan 29, 2022 | Nov 6, 2021 | Aug 14, 2021 | May 22, 2021 | Jan 30, 2021 | Nov 7, 2020 | May 23, 2020 | Feb 1, 2020 | Nov 9, 2019 | Aug 17, 2019 | May 25, 2019 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.36 | 10.82 | 11.66 | 12.17 | 12.55 | — | — | — | 15.29 | — | — | — | 15.05 | — | — | — | — | — | — | — | |
| Number of days of payables | days | 32.12 | 33.74 | 31.31 | 29.99 | 29.08 | — | — | — | 23.87 | — | — | — | 24.25 | — | — | — | — | — | — | — |
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 variability over the analyzed periods. The trend indicates that the company takes an average of around 30 days to pay its accounts payable. However, there are instances where the number of days of payables has been higher, reaching up to 33.74 days. It is worth noting that there are periods where data is not available, which could have impacted the trend analysis for those specific dates. Overall, the number of days of payables provides insight into the company's payment practices and management of its financial obligations to suppliers.
Peer comparison
Feb 3, 2024
Company name
Symbol
Number of days of payables
Kroger Company
KR
32.12
Grocery Outlet Holding Corp
GO
21.30
Sprouts Farmers Market LLC
SFM
11.07