World Kinect Corporation (WKC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.06 | 16.42 | 12.73 | 16.06 | 13.72 | |
| Number of days of payables | days | 24.24 | 22.23 | 28.67 | 22.73 | 26.61 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.06
= 24.24
World Kinect Corp's number of days of payables has been fluctuating over the past five years. The trend indicates that the company takes an average of 24.10 days to pay its suppliers, with a decreasing trend observed from 2021 to 2022, followed by an increase in 2023. This suggests that the company is managing its payables more efficiently compared to previous years but should continue monitoring this metric to ensure optimal cash flow management and supplier relationships.