Kontoor Brands Inc (KTB)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		12.68	12.77	11.10	10.25	11.95
Number of days of payables	days	28.78	28.59	32.88	35.62	30.55

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.68
= 28.78

The number of days of payables for Kontoor Brands Inc has shown some fluctuations over the years based on the data provided.

As of December 31, 2020, the company had an average payment period of about 30.55 days, indicating that, on average, it takes approximately 30.55 days for Kontoor Brands to pay its suppliers.

By December 31, 2021, the number of days of payables had increased to 35.62 days, suggesting that the company took slightly longer to settle its payables compared to the previous year.

In the following years, there were some variations in the number of days of payables. By December 31, 2022, the average payment period decreased to 32.88 days. This was followed by a further decrease by December 31, 2023, where the company took about 28.59 days on average to pay its suppliers.

As of the most recent data point on December 31, 2024, the number of days of payables remained relatively stable at 28.78 days. This indicates that Kontoor Brands has been managing its payables efficiently, maintaining a consistent payment period.

Overall, the trend in the number of days of payables for Kontoor Brands Inc indicates the company's ability to effectively manage its working capital and payment obligations to suppliers over the years.