Kelly Services (Kelly Services) Days Payable

: 59.38 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

Kelly Services's average Accounts Payable for the three months ended in Dec. 2023 was $647 Mil. Kelly Services's Cost of Goods Sold for the three months ended in Dec. 2023 was $994 Mil. Hence, Kelly Services's Days Payable for the three months ended in Dec. 2023 was 59.38.

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

KELYA' s Days Payable Range Over the Past 10 Years
Min: 27.7 Med: 43.39 Max: 65.11
Current: 63.96

During the past 13 years, Kelly Services's highest Days Payable was 65.11. The lowest was 27.70. And the median was 43.39.

KELYA's Days Payable is ranked better than
60.71% of 929 companies
in the Business Services industry
Industry Median: 47.88 vs KELYA: 63.96

Kelly Services's Days Payable declined from Dec. 2022 (67.65) to Dec. 2023 (59.38). It may suggest that Kelly Services accelerated paying its suppliers.

Kelly Services Days Payable Historical Data

The historical data trend for Kelly Services'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.

Kelly Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

43.44

51.48

55.98

65.11

64.51

Kelly Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																67.65	63.34	64.35	68.74	59.38

Competitive Comparison

For the Staffing & Employment Services subindustry, Kelly Services'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.

Kelly Services Days Payable Distribution

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

* The bar in red indicates where Kelly Services's Days Payable falls into.

Kelly Services 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.

Kelly Services'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
=	( (723.3	+	646.1)	/	2 )	/	3874.3	*	365
=	684.7					/	3874.3	*	365
=	64.51

Kelly Services'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
=	( (647.5	+	646.1)	/	2 )	/	994	*	365 / 4
=	646.8					/	994	*	365 / 4
=	59.38

Kelly Services Days Payable Related Terms

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

Kelly Services (Kelly Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kelly Services Inc (NAS:KELYA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KELYB:USA

Address

999 West Big Beaver Road, Troy, MI, USA, 48084

Website

https://www.kellyservices.com

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company's operations are divided into five business segments namely Professional & Industrial, Science, Engineering & Technology, Education, Outsourcing & Consulting, and International. Other than OCG, each segment delivers talent through staffing services, permanent placement or outcome-based services. OCG segment delivers talent solutions including managed service provider, payroll process outsourcing, recruitment process outsourcing, and talent advisory services. International also delivers RPO talent solutions within its local markets. Majority of revenue is derived from Professional & Industrial.

Executives

Tammy L Browning	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Timothy L Dupree	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Daniel H Malan	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Olivier Thirot	officer: Senior Vice President	999 WEST BIG BEAVER ROAD, TROY MI 48084
Donald R Parfet	director	C/O 350 E MICHIGAN AVENUE STE 500, APJOHN GROUP LLC, KALAMAZOO MI 49007
Darren Simons	officer: SVP and Chief Digital Officer	999 W. BIG BEAVER ROAD, TROY MI 48084-4716
Amala Duggirala	director	PO BOX 10247, BIRMINGHAM AL 35202-0247
Inamarie Johnson	director	1019 MARKET STREET, SAN FRANCISCO CA 94103
Terrence B Larkin	director	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Jane E Dutton	director	701 TAPPAN STREET, ANN ARBOR MI 49101-1234
James H Bradley	officer: Senior Vice President	999 WEST BIG BEAVER RD, TROY MI 48084-4716
Vanessa Peterson Williams	officer: General Counsel	999 WEST BIG BEAVER ROAD, TROY MI 48084-4716
Leslie A Murphy	director	4811 S CHIPPING GLEN, BLOOMFIELD HILLS MI 48302
George S Corona	officer: Executive Vice President	2653 TOWER HILL, ROCHESTER HILLS MI 48306
James Polehna	officer: VP and Corporate Secretary	999 WEST BIG BEAVER ROAD, TROY MI 48084