World Kinect Corporation (WKC)
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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 13.72 | 15.23 | 15.36 | 16.08 | |
| Number of days of payables | days | 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 | 26.61 | 23.96 | 23.76 | 22.70 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.06
= 24.24
The number of days of payables for World Kinect Corp has shown some variability over the past eight quarters. In Q4 2023, the company took an average of 24.24 days to pay its suppliers, which decreased slightly compared to the previous quarter at 24.80 days in Q3 2023. This suggests that the company was able to manage its payables more efficiently in the most recent quarter.
Looking back further, in Q2 2023, the number of days of payables was relatively low at 19.07 days, indicating that the company was paying its suppliers more quickly during that period. However, this was followed by a slight increase in Q1 2023 to 20.21 days.
Comparing the current year to the previous year, there has been a general improvement in managing payables. In Q4 2022, the number of days of payables was 22.23 days, showing a decreasing trend compared to the final quarter of the previous year. Q3 and Q2 of 2022 also saw improvements in payables management, with 21.85 days and 30.64 days, respectively.
It is worth noting that there was a significant increase in the number of days of payables in Q1 2022, where it reached 34.07 days, indicating a delay in paying suppliers during that period.
Overall, the trend in the number of days of payables for World Kinect Corp suggests that the company has been working towards managing its payables more efficiently, with some fluctuations in certain quarters but generally showing improvements compared to the previous year.