World Kinect Corporation (WKC)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 15.09 | 15.78 | 15.17 | 15.22 | 15.06 | 14.72 | 19.14 | 18.06 | 16.42 | 16.70 | 11.91 | 10.71 | 12.73 | 12.53 | 11.64 | 10.82 | 16.06 | 22.14 | 26.40 | 22.73 | |
| Number of days of payables | days | 24.19 | 23.13 | 24.06 | 23.98 | 24.24 | 24.80 | 19.07 | 20.21 | 22.23 | 21.85 | 30.64 | 34.07 | 28.67 | 29.14 | 31.36 | 33.74 | 22.73 | 16.49 | 13.82 | 16.06 |
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 fluctuations over the past few years. Based on the data provided, the company's number of days of payables ranged from a low of 13.82 days on June 30, 2020, to a high of 34.07 days on March 31, 2022.
The trend in the number of days of payables indicates that the company has been managing its accounts payable in a slightly more extended manner in recent periods, with a gradual increase in the number of days it takes to pay its outstanding obligations. This may imply that the company is taking longer to settle its payables, potentially extending its payment terms with suppliers or experiencing cash flow challenges.
It is important to note that a higher number of days of payables could also be a strategic move to optimize cash flow and working capital management, allowing the company to use its funds more efficiently. However, a significant increase in this ratio could also be a red flag for potential liquidity issues or strained relationships with suppliers.
Overall, monitoring the trend in the number of days of payables can provide insights into the company's financial management practices and its relationships with suppliers, and may warrant further investigation into the underlying reasons for any significant changes in this ratio.