Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Days Payable

: 18.16 (As of Dec. 2023)

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Knight-Swift Transportation Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $327 Mil. Knight-Swift Transportation Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,644 Mil. Hence, Knight-Swift Transportation Holdings's Days Payable for the three months ended in Dec. 2023 was 18.16.

The historical rank and industry rank for Knight-Swift Transportation Holdings's Days Payable or its related term are showing as below:

KNX' s Days Payable Range Over the Past 10 Years
Min: 6.66 Med: 9.9 Max: 17.85
Current: 16.28

During the past 13 years, Knight-Swift Transportation Holdings's highest Days Payable was 17.85. The lowest was 6.66. And the median was 9.90.

KNX's Days Payable is ranked worse than
85.87% of 934 companies
in the Transportation industry
Industry Median: 39.565 vs KNX: 16.28

Knight-Swift Transportation Holdings's Days Payable increased from Dec. 2022 (15.32) to Dec. 2023 (18.16). It may suggest that Knight-Swift Transportation Holdings delayed paying its suppliers.

Knight-Swift Transportation Holdings Days Payable Historical Data

The historical data trend for Knight-Swift Transportation Holdings'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.

Knight-Swift Transportation Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

9.90

9.86

12.97

14.39

17.85

Knight-Swift Transportation Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																15.32	15.38	15.99	14.00	18.16

Competitive Comparison

For the Trucking subindustry, Knight-Swift Transportation Holdings'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.

Knight-Swift Transportation Holdings Days Payable Distribution

For the Transportation industry and Industrials sector, Knight-Swift Transportation Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Knight-Swift Transportation Holdings's Days Payable falls into.

Knight-Swift Transportation Holdings 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.

Knight-Swift Transportation Holdings'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
=	( (220.849	+	355.173)	/	2 )	/	5887.862	*	365
=	288.011					/	5887.862	*	365
=	17.85

Knight-Swift Transportation Holdings'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
=	( (299.039	+	355.173)	/	2 )	/	1643.533	*	365 / 4
=	327.106					/	1643.533	*	365 / 4
=	18.16

Knight-Swift Transportation Holdings Days Payable Related Terms

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Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Knight-Swift Transportation Holdings Inc (NYSE:KNX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KSX:Germany

Address

2002 West Wahalla Lane, Phoenix, AZ, USA, 85027

Website

https://www.knight-swift.com

Knight-Swift is the largest truckload, or TL, carrier in the U.S., with a diversified transportation offering. Pro forma for the U.S. Xpress deal, 74% of revenue derives from Knight's asset-based trucking business, with full-truckload (for-hire dry van, refrigerated, and dedicated contract) making up 63% and LTL at 11%. Truck brokerage and other asset-light logistics services make up 14% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue (6%) reflects services offered to shippers and third-party truckers including insurance, equipment maintenance, and equipment leasing.

Executives

Timothy Sean Harrington	officer: Exec. Vice Pres. Sales	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
James L Fitzsimmons	officer: Exec. Vice Pres. Operations	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
Cary M Flanagan	officer: Controller	SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Amy Boerger	director	2002 W WAHALLA LANE, PHOENIX AZ 85027
Kevin P Knight	director, officer: Executive Chairman	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Joshua Smith	officer: CFO, US Xpress Inc.	2002 W WAHALLA LANE, PHOENIX AZ 85027
Dustin Ohlman	officer: VP Intermodal	2200 S 75TH AVE, PHOENIX AZ 85043
Reed Stultz	officer: SR VP Logistics	2002 W WAHALLA LANE, PHOENIX AZ 85027
Michael K Liu	officer: Exec VP of Ops, Knight Trans	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Kathryn L Munro	director	200 N WASHINGTON SQUARE, LANSING MI 48933
Jessica Powell	director	2002 W WAHALLA, PHOENIX AZ 85027
Updike James E. Jr.	officer: EVP Sales & Mkt, Knight Trans.	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Louis Hobson	director	2002 W WAHALLA LANE, PHOENIX AZ 85027
Gary J Knight	director, officer: Vice Chairman	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
Reid Dove	director	20002 NORTH 19TH AVENUE, PHOENIX AZ 85027