World Kinect Corporation (WKC)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.09 | 15.06 | 16.42 | 12.73 | 16.06 | |
| Number of days of payables | days | 24.19 | 24.24 | 22.23 | 28.67 | 22.73 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.09
= 24.19
The number of days of payables for World Kinect Corporation has shown some fluctuations over the years. In 2020, the company took around 22.73 days to pay its suppliers, which increased to 28.67 days by the end of 2021. However, in 2022, the number of days decreased to 22.23 days before slightly increasing to 24.24 days by the end of 2023 and 24.19 days by the end of 2024. Overall, the trend suggests that the company has been managing its payables efficiently, with minor variations observed in recent years.