Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Kimberly-Clark Corp., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Kimberly-Clark Corp. inventory turnover ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Kimberly-Clark Corp. receivables turnover ratio deteriorated from Q3 2020 to Q4 2020 but then slightly improved from Q4 2020 to Q1 2021. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Kimberly-Clark Corp. payables turnover ratio decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 not reaching Q3 2020 level. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Kimberly-Clark Corp. number of days of inventory outstanding deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Kimberly-Clark Corp. operating cycle deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Kimberly-Clark Corp. number of days of payables outstanding increased from Q3 2020 to Q4 2020 but then slightly decreased from Q4 2020 to Q1 2021 not reaching Q3 2020 level. |
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Kimberly-Clark Corp. cash conversion cycle improved from Q3 2020 to Q4 2020 but then deteriorated significantly from Q4 2020 to Q1 2021. |
Inventory Turnover
Kimberly-Clark Corp., inventory turnover calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cost of products sold | 3,154) | 3,172) | 3,093) | 2,835) | 3,218) | 3,017) | 3,085) | 3,108) | 3,205) | 3,167) | 3,166) | 3,149) | 3,407) | 2,984) | 2,981) | 2,910) | 2,831) | 2,866) | 2,924) | 2,924) | 2,837) | |||||||
| Inventories | 1,956) | 1,903) | 1,787) | 1,825) | 1,539) | 1,790) | 1,779) | 1,856) | 1,857) | 1,813) | 1,770) | 1,750) | 1,778) | 1,790) | 1,748) | 1,738) | 1,728) | 1,679) | 1,736) | 1,807) | 1,902) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Inventory turnover1 | 6.26 | 6.47 | 6.81 | 6.66 | 8.08 | 6.94 | 7.06 | 6.81 | 6.83 | 7.11 | 7.18 | 7.15 | 6.91 | 6.54 | 6.63 | 6.63 | 6.68 | 6.88 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 6.25 | 6.41 | 6.61 | 6.33 | 6.41 | 6.93 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Inventory turnover
= (Cost of products soldQ1 2021
+ Cost of products soldQ4 2020
+ Cost of products soldQ3 2020
+ Cost of products soldQ2 2020)
÷ Inventories
= (3,154 + 3,172 + 3,093 + 2,835)
÷ 1,956 = 6.26
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Kimberly-Clark Corp. inventory turnover ratio deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |
Receivables Turnover
Kimberly-Clark Corp., receivables turnover calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net sales | 4,743) | 4,836) | 4,683) | 4,612) | 5,009) | 4,583) | 4,640) | 4,594) | 4,633) | 4,569) | 4,582) | 4,604) | 4,731) | 4,582) | 4,640) | 4,554) | 4,483) | 4,544) | 4,594) | 4,588) | 4,476) | |||||||
| Accounts receivable, net | 2,199) | 2,235) | 2,125) | 2,024) | 2,519) | 2,263) | 2,306) | 2,397) | 2,377) | 2,164) | 2,308) | 2,286) | 2,470) | 2,315) | 2,360) | 2,221) | 2,224) | 2,176) | 2,222) | 2,249) | 2,255) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Receivables turnover1 | 8.58 | 8.56 | 8.89 | 9.31 | 7.47 | 8.15 | 7.99 | 7.67 | 7.74 | 8.54 | 8.02 | 8.12 | 7.49 | 7.89 | 7.72 | 8.18 | 8.19 | 8.36 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 14.37 | 16.98 | 15.16 | 13.39 | 13.38 | 13.67 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Receivables turnover
= (Net salesQ1 2021
+ Net salesQ4 2020
+ Net salesQ3 2020
+ Net salesQ2 2020)
÷ Accounts receivable, net
= (4,743 + 4,836 + 4,683 + 4,612)
÷ 2,199 = 8.58
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Kimberly-Clark Corp. receivables turnover ratio deteriorated from Q3 2020 to Q4 2020 but then slightly improved from Q4 2020 to Q1 2021. |
Payables Turnover
Kimberly-Clark Corp., payables turnover calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Cost of products sold | 3,154) | 3,172) | 3,093) | 2,835) | 3,218) | 3,017) | 3,085) | 3,108) | 3,205) | 3,167) | 3,166) | 3,149) | 3,407) | 2,984) | 2,981) | 2,910) | 2,831) | 2,866) | 2,924) | 2,924) | 2,837) | |||||||
| Trade accounts payable | 3,152) | 3,336) | 2,995) | 3,032) | 2,876) | 3,055) | 2,942) | 2,993) | 3,027) | 3,190) | 2,937) | 2,802) | 2,826) | 2,834) | 2,729) | 2,629) | 2,571) | 2,609) | 2,454) | 2,448) | 2,442) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Payables turnover1 | 3.89 | 3.69 | 4.06 | 4.01 | 4.32 | 4.06 | 4.27 | 4.23 | 4.19 | 4.04 | 4.33 | 4.47 | 4.35 | 4.13 | 4.25 | 4.39 | 4.49 | 4.43 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 2.99 | 2.92 | 3.37 | 3.24 | 3.20 | 3.09 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Payables turnover
= (Cost of products soldQ1 2021
+ Cost of products soldQ4 2020
+ Cost of products soldQ3 2020
+ Cost of products soldQ2 2020)
÷ Trade accounts payable
= (3,154 + 3,172 + 3,093 + 2,835)
÷ 3,152 = 3.89
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Kimberly-Clark Corp. payables turnover ratio decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 not reaching Q3 2020 level. |
Working Capital Turnover
Kimberly-Clark Corp., working capital turnover calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current assets | 5,143) | 5,174) | 6,075) | 5,904) | 5,646) | 5,057) | 5,064) | 5,321) | 5,255) | 5,041) | 5,108) | 5,028) | 5,372) | 5,211) | 5,226) | 5,390) | 5,112) | 5,115) | 5,260) | 5,114) | 5,151) | |||||||
| Less: Current liabilities | 6,694) | 6,443) | 6,102) | 6,494) | 6,483) | 6,919) | 6,782) | 6,585) | 7,197) | 6,536) | 6,805) | 6,655) | 6,674) | 5,858) | 5,412) | 5,889) | 5,864) | 5,846) | 5,720) | 5,228) | 5,391) | |||||||
| Working capital | (1,551) | (1,269) | (27) | (590) | (837) | (1,862) | (1,718) | (1,264) | (1,942) | (1,495) | (1,697) | (1,627) | (1,302) | (647) | (186) | (499) | (752) | (731) | (460) | (114) | (240) | |||||||
| Net sales | 4,743) | 4,836) | 4,683) | 4,612) | 5,009) | 4,583) | 4,640) | 4,594) | 4,633) | 4,569) | 4,582) | 4,604) | 4,731) | 4,582) | 4,640) | 4,554) | 4,483) | 4,544) | 4,594) | 4,588) | 4,476) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Working capital turnover1 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Working capital turnover
= (Net salesQ1 2021
+ Net salesQ4 2020
+ Net salesQ3 2020
+ Net salesQ2 2020)
÷ Working capital
= (4,743 + 4,836 + 4,683 + 4,612)
÷ -1,551 = —
2 Click competitor name to see calculations.
Average Inventory Processing Period
Kimberly-Clark Corp., average inventory processing period calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Inventory turnover | 6.26 | 6.47 | 6.81 | 6.66 | 8.08 | 6.94 | 7.06 | 6.81 | 6.83 | 7.11 | 7.18 | 7.15 | 6.91 | 6.54 | 6.63 | 6.63 | 6.68 | 6.88 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average inventory processing period1 | 58 | 56 | 54 | 55 | 45 | 53 | 52 | 54 | 53 | 51 | 51 | 51 | 53 | 56 | 55 | 55 | 55 | 53 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 58 | 57 | 55 | 58 | 57 | 53 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 6.26 = 58
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Kimberly-Clark Corp. number of days of inventory outstanding deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |
Average Receivable Collection Period
Kimberly-Clark Corp., average receivable collection period calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Receivables turnover | 8.58 | 8.56 | 8.89 | 9.31 | 7.47 | 8.15 | 7.99 | 7.67 | 7.74 | 8.54 | 8.02 | 8.12 | 7.49 | 7.89 | 7.72 | 8.18 | 8.19 | 8.36 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average receivable collection period1 | 43 | 43 | 41 | 39 | 49 | 45 | 46 | 48 | 47 | 43 | 46 | 45 | 49 | 46 | 47 | 45 | 45 | 44 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 25 | 21 | 24 | 27 | 27 | 27 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 8.58 = 43
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. |
Operating Cycle
Kimberly-Clark Corp., operating cycle calculation (quarterly data)
No. days
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Average inventory processing period | 58 | 56 | 54 | 55 | 45 | 53 | 52 | 54 | 53 | 51 | 51 | 51 | 53 | 56 | 55 | 55 | 55 | 53 | — | — | — | |||||||
| Average receivable collection period | 43 | 43 | 41 | 39 | 49 | 45 | 46 | 48 | 47 | 43 | 46 | 45 | 49 | 46 | 47 | 45 | 45 | 44 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Operating cycle1 | 101 | 99 | 95 | 94 | 94 | 98 | 98 | 102 | 100 | 94 | 97 | 96 | 102 | 102 | 102 | 100 | 100 | 97 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 83 | 78 | 79 | 85 | 84 | 80 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 58 + 43 = 101
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Kimberly-Clark Corp. operating cycle deteriorated from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |
Average Payables Payment Period
Kimberly-Clark Corp., average payables payment period calculation (quarterly data)
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Payables turnover | 3.89 | 3.69 | 4.06 | 4.01 | 4.32 | 4.06 | 4.27 | 4.23 | 4.19 | 4.04 | 4.33 | 4.47 | 4.35 | 4.13 | 4.25 | 4.39 | 4.49 | 4.43 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average payables payment period1 | 94 | 99 | 90 | 91 | 84 | 90 | 85 | 86 | 87 | 90 | 84 | 82 | 84 | 88 | 86 | 83 | 81 | 82 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 122 | 125 | 108 | 113 | 114 | 118 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 3.89 = 94
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Kimberly-Clark Corp. number of days of payables outstanding increased from Q3 2020 to Q4 2020 but then slightly decreased from Q4 2020 to Q1 2021 not reaching Q3 2020 level. |
Cash Conversion Cycle
Kimberly-Clark Corp., cash conversion cycle calculation (quarterly data)
No. days
| Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Average inventory processing period | 58 | 56 | 54 | 55 | 45 | 53 | 52 | 54 | 53 | 51 | 51 | 51 | 53 | 56 | 55 | 55 | 55 | 53 | — | — | — | |||||||
| Average receivable collection period | 43 | 43 | 41 | 39 | 49 | 45 | 46 | 48 | 47 | 43 | 46 | 45 | 49 | 46 | 47 | 45 | 45 | 44 | — | — | — | |||||||
| Average payables payment period | 94 | 99 | 90 | 91 | 84 | 90 | 85 | 86 | 87 | 90 | 84 | 82 | 84 | 88 | 86 | 83 | 81 | 82 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Cash conversion cycle1 | 7 | 0 | 5 | 3 | 10 | 8 | 13 | 16 | 13 | 4 | 13 | 14 | 18 | 14 | 16 | 17 | 19 | 15 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | -39 | -47 | -29 | -28 | -30 | -38 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Q1 2021 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 58 + 43 – 94 = 7
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Kimberly-Clark Corp. cash conversion cycle improved from Q3 2020 to Q4 2020 but then deteriorated significantly from Q4 2020 to Q1 2021. |