World Kinect (World Kinect) Days Payable : 24.77 (As of Dec. 2023)

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What is World Kinect Days Payable?

World Kinect's average Accounts Payable for the three months ended in Dec. 2023 was $3,195 Mil. World Kinect's Cost of Goods Sold for the three months ended in Dec. 2023 was $11,771 Mil. Hence, World Kinect's Days Payable for the three months ended in Dec. 2023 was 24.77.

The historical rank and industry rank for World Kinect's Days Payable or its related term are showing as below:

WKC' s Days Payable Range Over the Past 10 Years
Min: 17.41 Med: 21.83 Max: 35.72
Current: 24.79

During the past 13 years, World Kinect's highest Days Payable was 35.72. The lowest was 17.41. And the median was 21.83.

WKC's Days Payable is ranked worse than
81.22% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs WKC: 24.79

World Kinect's Days Payable increased from Dec. 2022 (22.71) to Dec. 2023 (24.77). It may suggest that World Kinect delayed paying its suppliers.

World Kinect Days Payable Historical Data

The historical data trend for World Kinect's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

World Kinect Days Payable Chart

World Kinect Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.57

35.72

21.59

18.67

25.92

World Kinect Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															22.71	25.18	25.25	22.89	24.77

Competitive Comparison of World Kinect's Days Payable

For the Oil & Gas Refining & Marketing subindustry, World Kinect's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

World Kinect's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, World Kinect's Days Payable distribution charts can be found below:

* The bar in red indicates where World Kinect's Days Payable falls into.

World Kinect Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

World Kinect's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3529.5	+	3097.6)	/	2 )	/	46652.4	*	365
=	3313.55					/	46652.4	*	365
=	25.92

World Kinect's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3293.3	+	3097.6)	/	2 )	/	11770.6	*	365 / 4
=	3195.45					/	11770.6	*	365 / 4
=	24.77

World Kinect Days Payable Related Terms

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World Kinect (World Kinect) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » World Kinect Corp (NYSE:WKC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WFK:Germany

Address

9800 Northwest 41st Street, Miami, FL, USA, 33178

Website

https://www.world-kinect.com

World Kinect Corp is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers worldwide. It sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions.

Executives

Jill Smart	director	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Ken Bakshi	director	63 STONEBRIDGE ROAD, MONTCLAIR NJ 07042
Michael Crosby	officer: EVP, Global Land	9800 N.W. 41ST STREET, MIAMI FL 33178
Jose-miguel Tejada	officer: SVP, Chief Accounting Officer	C/O WORLD FUEL SERVICES CORPORATION, 9800 NW 41ST STREET, MIAMI FL 33178
John L Manley	director	15211 MEDICI WAY, NAPLES FL 34110
John Peter Rau	officer: EVP, Global Aviation & Marine	9800 N.W. 41ST STREET, MIAMI FL 33178
Robert Alexander Lake	officer: EVP, Chf. Legal Officer, CoSec	C/O WORLD FUEL SERVICES CORPORATION, 9800 N.W. 41ST STREET, MIAMI FL 33178
Jorge L. Benitez	director	5201 BLUE LAGOON DRIVE, SUITE 250, MIAMI FL 33126
Paul H Stebbins	director, officer: Chairman and CEO	C/O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178
Sharda Cherwoo	director	160 WEST 66TH STREET, APT. 45F, NEW YORK NY 10023
Michael J Kasbar	director, officer: President & COO	C/ O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178
Richard A Kassar	director	C/O WORLD FUEL SERVICES CORP., 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178
J Thomas Presby	director	198 KEELER ROAD, BRIDGEWATER CT 06752
Stephen K Roddenberry	director	C/O AKERMAN LLP, 98 SOUTHEAST SEVENTH STREET, MIAMI FL 33131
Jeffrey Paul Smith	officer: EVP and COO	C/O WORLD FUEL SERVICES CORPORATION, 9800 N.W. 41ST STREET, MIAMI FL 33178