Kronos Worldwide (Kronos Worldwide) Days Payable : 44.58 (As of Dec. 2023)

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What is Kronos Worldwide Days Payable?

Kronos Worldwide's average Accounts Payable for the three months ended in Dec. 2023 was $168 Mil. Kronos Worldwide's Cost of Goods Sold for the three months ended in Dec. 2023 was $345 Mil. Hence, Kronos Worldwide's Days Payable for the three months ended in Dec. 2023 was 44.58.

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

KRO' s Days Payable Range Over the Past 10 Years
Min: 30.04 Med: 34.35 Max: 48.12
Current: 38.56

During the past 13 years, Kronos Worldwide's highest Days Payable was 48.12. The lowest was 30.04. And the median was 34.35.

KRO's Days Payable is ranked worse than
71.83% of 1505 companies
in the Chemicals industry
Industry Median: 61 vs KRO: 38.56

Kronos Worldwide's Days Payable declined from Dec. 2022 (51.80) to Dec. 2023 (44.58). It may suggest that Kronos Worldwide accelerated paying its suppliers.

Kronos Worldwide Days Payable Historical Data

The historical data trend for Kronos Worldwide'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.

Kronos Worldwide Days Payable Chart

Kronos Worldwide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.62

35.18

31.12

38.04

48.12

Kronos Worldwide 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															51.80	37.12	31.93	31.79	44.58

Competitive Comparison of Kronos Worldwide's Days Payable

For the Specialty Chemicals subindustry, Kronos Worldwide'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.

Kronos Worldwide's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kronos Worldwide's Days Payable distribution charts can be found below:

* The bar in red indicates where Kronos Worldwide's Days Payable falls into.

Kronos Worldwide 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.

Kronos Worldwide'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
=	( (177.2	+	218.7)	/	2 )	/	1501.6	*	365
=	197.95					/	1501.6	*	365
=	48.12

Kronos Worldwide'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
=	( (117.9	+	218.7)	/	2 )	/	344.5	*	365 / 4
=	168.3					/	344.5	*	365 / 4
=	44.58

Kronos Worldwide Days Payable Related Terms

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Kronos Worldwide (Kronos Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kronos Worldwide Inc (NYSE:KRO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

K1W:Germany K1W:Germany

Address

5430 LBJ Freeway, Suite 1700, Dallas, TX, USA, 75240-2620

Website

https://www.kronostio2.com

Kronos Worldwide Inc manufactures and sells titanium dioxide pigments. Titanium dioxide is a white inorganic pigment used in a variety of products. The majority of Kronos' sales come from titanium dioxide used for coatings on automobiles, aircraft, machines, appliances, traffic paint, and in both commercial and residential interiors and exteriors. The second- largest product category is titanium dioxide used for plastics such as packaging materials and food packaging, houseware, appliances, toys, and computer cases. The majority of revenue comes from the United States.

Executives

Kevin B Kramer	director	C/O STONERIGDGE INC., 9400 E. MARKET ST, WARREN OH 44484
Andrew B Nace	officer: Executive Vice President	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Miller William Earl Jr.	officer: VP, Global Human Resources	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Dennis Werner	officer: President, EMEAA	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Amy A. Samford	officer: Executive Vice President	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Rainer Gruber	officer: EX VP, Chief Manu/Tech Officer	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Gouveia Randall Colin	director	2225 W. CHANDLER BLVD.,, CHANDLER AZ 85224
Alexis A Thomason	officer: VP and General Counsel	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Bart W Reichert	officer: Vice President, Internal Audit	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240
Bryan A. Hanley	officer: Vice President and Treasurer	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
Loretta J. Feehan	director	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240-2620
John E Harper	director	2300 WEST PLANO PARKWAY, PLANO TX 75075
Thomas P Stafford	director	C/O WACKENHUT CORP, 4200 WACKENHUT DRIVE #100, PALM BEACH GARDENS FL 33410-4243
Meredith W. Mendes	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Kristin B Mccoy	officer: Vice President, Tax	5430 LBJ FREEWAY, SUITE 1700, DALLAS TX 75240