Kohls Corp (KSS)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.78 | 13.44 | 10.55 | 11.06 | 15.62 | |
| Number of days of payables | days | 24.70 | 27.16 | 34.60 | 33.00 | 23.37 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.78
= 24.70
The number of days of payables for Kohls Corp has fluctuated over the past five years.
In 2024, Kohls Corp took, on average, approximately 24.70 days to pay its payables. This is a decrease from the previous year, where it took around 27.16 days. The decrease in the number of days of payables could indicate a more efficient management of payables or improved cash flow management in 2024 compared to 2023.
Comparing the data to 2022 and 2021, we see a significant improvement in 2024. In 2022, Kohls Corp took around 34.60 days to pay its payables, which decreased to approximately 33.00 days in 2021. Therefore, the company has significantly reduced its payables period from 2022 to 2024, indicating better management of its payable obligations.
Additionally, in 2020, Kohls Corp took around 23.37 days to pay its payables, showing a slight increase in the payables period to 24.70 days in 2024. This increase may be a result of various factors such as changes in supplier terms, company strategy, or economic conditions that impacted the payment cycle.
Overall, Kohls Corp's number of days of payables has shown fluctuations over the past five years, with improvements seen in 2024 compared to previous years. This metric can provide insights into the company's liquidity, cash flow management, and relationships with suppliers.
Peer comparison
Feb 3, 2024