Kontoor Brands Inc (KTB)

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
Payables turnover		11.71	11.83	10.93	12.81	11.10	7.36	8.09	8.27	10.25	8.95	10.70	10.50	11.99	9.64	19.07	15.02
Number of days of payables	days	31.17	30.86	33.40	28.50	32.88	49.58	45.12	44.15	35.62	40.79	34.12	34.76	30.44	37.86	19.14	24.30

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.71
= 31.17

The number of days of payables for Kontoor Brands Inc has shown fluctuations over the past few quarters. In the most recent quarter, as of December 31, 2023, the company took an average of 31.17 days to pay its suppliers. This indicates a relatively stable payment period compared to the previous quarter (September 30, 2023).

Looking back over the last few quarters, there was a peak in the number of days of payables during the quarter ending September 30, 2022, where the company took 49.58 days on average to settle its payables. Since then, there has been a declining trend until the most recent quarter.

Overall, the number of days of payables reflects the efficiency of Kontoor Brands Inc in managing its accounts payable. A lower number of days suggests that the company is paying its suppliers more quickly, which can indicate strong liquidity or favorable payment terms. In contrast, a higher number of days may signal potential cash flow issues or extended payment arrangements with suppliers. It is important for stakeholders to monitor this ratio to assess the company's financial health and vendor relationships.