K-Bro Linen (TSX:KBL) Days Payable : 330.11 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is K-Bro Linen Days Payable?

K-Bro Linen's average Accounts Payable for the three months ended in Mar. 2024 was C$39.5 Mil. K-Bro Linen's Cost of Goods Sold for the three months ended in Mar. 2024 was C$10.9 Mil. Hence, K-Bro Linen's Days Payable for the three months ended in Mar. 2024 was 330.11.

The historical rank and industry rank for K-Bro Linen's Days Payable or its related term are showing as below:

TSX:KBL' s Days Payable Range Over the Past 10 Years
Min: 269.94 Med: 310.56 Max: 374.99
Current: 297.33

During the past 13 years, K-Bro Linen's highest Days Payable was 374.99. The lowest was 269.94. And the median was 310.56.

TSX:KBL's Days Payable is ranked better than
92.2% of 923 companies
in the Business Services industry
Industry Median: 47.39 vs TSX:KBL: 297.33

K-Bro Linen's Days Payable increased from Mar. 2023 (294.99) to Mar. 2024 (330.11). It may suggest that K-Bro Linen delayed paying its suppliers.

K-Bro Linen Days Payable Historical Data

The historical data trend for K-Bro Linen'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.

K-Bro Linen Days Payable Chart

K-Bro Linen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

323.78

306.27

269.94

270.34

285.83

K-Bro Linen Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															294.99	279.77	274.81	298.92	330.11

Competitive Comparison of K-Bro Linen's Days Payable

For the Specialty Business Services subindustry, K-Bro Linen'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.

K-Bro Linen's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, K-Bro Linen's Days Payable distribution charts can be found below:

* The bar in red indicates where K-Bro Linen's Days Payable falls into.

K-Bro Linen 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.

K-Bro Linen'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
=	( (32.505	+	38.166)	/	2 )	/	45.123	*	365
=	35.3355					/	45.123	*	365
=	285.83

K-Bro Linen's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (38.166	+	40.756)	/	2 )	/	10.908	*	365 / 4
=	39.461					/	10.908	*	365 / 4
=	330.11

K-Bro Linen Days Payable Related Terms

Thank you for viewing the detailed overview of K-Bro Linen's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

K-Bro Linen (TSX:KBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » K-Bro Linen Inc (TSX:KBL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KBRLF:USA

Address

14903-137 Avenue N.W., Edmonton, AB, CAN, T5V 1R9

Website

https://www.k-brolinen.com

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.

Executives

K-bro Linen Inc.

Issuer

K-Bro Linen (TSX:KBL) Headlines

No Headlines