Stock Analysis on Net
Stock Analysis on Net

Kimberly-Clark Corp. (NYSE:KMB)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Beginner level

Short-term Activity Ratios (Summary)

Kimberly-Clark Corp., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Turnover Ratios
Inventory turnover 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 6.68 6.48 6.19 6.27
Receivables turnover 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 8.19 8.15 8.15 8.15
Payables turnover 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 4.73 4.78 4.82 4.58
Working capital turnover
Average No. Days
Average inventory processing period 54 55 45 53 52 54 53 51 51 51 53 56 55 55 55 53 55 56 59 58
Add: Average receivable collection period 41 39 49 45 46 48 47 43 46 45 49 46 47 45 45 44 45 45 45 45
Operating cycle 95 94 94 98 98 102 100 94 97 96 102 102 102 100 100 97 100 101 104 103
Less: Average payables payment period 90 91 84 90 85 86 87 90 84 82 84 88 86 83 81 82 77 76 76 80
Cash conversion cycle 5 3 10 8 13 16 13 4 13 14 18 14 16 17 19 15 23 25 28 23

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Kimberly-Clark Corp.’s inventory turnover ratio deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020.
Receivables turnover An activity ratio equal to revenue divided by receivables. Kimberly-Clark Corp.’s receivables turnover ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Kimberly-Clark Corp.’s payables turnover ratio decreased from Q1 2020 to Q2 2020 but then slightly increased from Q2 2020 to Q3 2020.

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.’s number of days of inventory outstanding deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Kimberly-Clark Corp.’s number of days of receivables outstanding improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020.
Operating cycle Equal to average inventory processing period plus average receivables collection period.
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.’s number of days of payables outstanding increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
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.’s cash conversion cycle improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020.

Inventory Turnover

Kimberly-Clark Corp., inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cost of products sold 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  2,913  3,036  2,986  3,032 
Inventories 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  1,909  1,883  1,948  1,893 
Short-term Activity Ratio
Inventory turnover1 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 6.68 6.48 6.19 6.27
Benchmarks
Inventory Turnover, Competitors2
Colgate-Palmolive Co. 4.04 4.18 4.92 4.55 4.61 4.76 4.94 5.05 5.08 5.05 4.78 5.06 5.05 5.03 5.09 5.19 5.20 5.12 5.24 5.62
Estée Lauder Cos. Inc. 1.73 1.75 1.69 1.69 1.79 1.89 1.76 1.76 1.80 1.85 1.68 1.65 1.78 1.76 1.70 1.73 1.88 2.00 1.82 1.73
Nike Inc. 3.92 3.61 3.75 3.85 3.97 3.95 4.00 3.89 3.71 3.67 3.69 3.77 3.78 3.64 3.66 3.60 3.73 3.66 3.78 3.81

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q3 2020 Calculation
Inventory turnover = (Cost of products soldQ3 2020 + Cost of products soldQ2 2020 + Cost of products soldQ1 2020 + Cost of products soldQ4 2019) ÷ Inventories
= (3,093 + 2,835 + 3,218 + 3,017) ÷ 1,787 = 6.81

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.’s inventory turnover ratio deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020.

Receivables Turnover

Kimberly-Clark Corp., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net sales 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  4,539  4,718  4,643  4,691 
Accounts receivable, net 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  2,281  2,284  2,286  2,244 
Short-term Activity Ratio
Receivables turnover1 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 8.19 8.15 8.15 8.15
Benchmarks
Receivables Turnover, Competitors2
Colgate-Palmolive Co. 12.51 12.95 10.26 10.90 10.36 9.69 9.97 11.10 10.20 10.20 9.55 10.44 9.99 9.94 10.16 10.77 9.85 9.84 10.17 11.24
Estée Lauder Cos. Inc. 8.37 7.12 6.64 8.12 7.16 7.10 6.29 9.20 7.54 7.52 6.80 8.48 7.58 7.54 6.95 8.95 7.86 7.84 7.14 9.18
Nike Inc. 9.23 8.51 8.55 9.16 8.51 8.77 8.61 10.41 9.31 9.61 8.88 9.34 9.04 9.64 9.37 9.99 9.47 9.12 9.44 9.11

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q3 2020 Calculation
Receivables turnover = (Net salesQ3 2020 + Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019) ÷ Accounts receivable, net
= (4,683 + 4,612 + 5,009 + 4,583) ÷ 2,125 = 8.89

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.’s receivables turnover ratio improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020.

Payables Turnover

Kimberly-Clark Corp., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cost of products sold 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  2,913  3,036  2,986  3,032 
Trade accounts payable 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  2,612  2,518  2,599  2,502 
Short-term Activity Ratio
Payables turnover1 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 4.73 4.78 4.82 4.58
Benchmarks
Payables Turnover, Competitors2
Colgate-Palmolive Co. 5.20 5.36 5.27 5.15 5.32 5.20 5.20 5.17 5.46 5.65 5.19 5.09 5.23 5.34 5.42 5.40 5.77 5.83 5.84 5.98
Estée Lauder Cos. Inc. 3.12 3.17 3.24 2.27 3.04 3.13 3.24 2.41 3.12 3.62 3.76 2.92 3.91 3.64 4.03 3.04 3.77 4.09 4.16 3.31
Nike Inc. 10.24 8.52 8.06 8.29 9.32 8.27 8.95 8.97 10.14 9.12 9.08 9.30 9.62 9.00 8.58 7.94 10.00 8.79 8.64 7.76

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q3 2020 Calculation
Payables turnover = (Cost of products soldQ3 2020 + Cost of products soldQ2 2020 + Cost of products soldQ1 2020 + Cost of products soldQ4 2019) ÷ Trade accounts payable
= (3,093 + 2,835 + 3,218 + 3,017) ÷ 2,995 = 4.06

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.’s payables turnover ratio decreased from Q1 2020 to Q2 2020 but then slightly increased from Q2 2020 to Q3 2020.

Working Capital Turnover

Kimberly-Clark Corp., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 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  5,426  5,442  5,518  5,383 
Less: Current liabilities 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  6,349  6,201  6,765  6,186 
Working capital (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) (923) (759) (1,247) (803)
 
Net sales 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  4,539  4,718  4,643  4,691 
Short-term Activity Ratio
Working capital turnover1
Benchmarks
Working Capital Turnover, Competitors2
Colgate-Palmolive Co. 111.30 131.26 32.57 57.56 34.39 39.66 68.50 50.30 12.55 17.33 19.58 19.31 14.71 141.04 582.44 18.86
Estée Lauder Cos. Inc. 4.35 4.67 6.26 5.70 4.97 5.33 5.19 4.79 4.78 4.96 5.17 5.52 5.48 34.37 6.69 7.29 6.13 5.54 5.69 4.62
Nike Inc. 5.53 5.03 4.88 4.52 4.55 4.60 4.24 4.00 3.69 3.53 3.39 3.24 3.10 3.11 3.58 3.35 3.11 2.79 3.12 3.17

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q3 2020 Calculation
Working capital turnover = (Net salesQ3 2020 + Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019) ÷ Working capital
= (4,683 + 4,612 + 5,009 + 4,583) ÷ -27 =

2 Click competitor name to see calculations.


Average Inventory Processing Period

Kimberly-Clark Corp., average inventory processing period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Inventory turnover 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 6.68 6.48 6.19 6.27
Short-term Activity Ratio (no. days)
Average inventory processing period1 54 55 45 53 52 54 53 51 51 51 53 56 55 55 55 53 55 56 59 58
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Colgate-Palmolive Co. 90 87 74 80 79 77 74 72 72 72 76 72 72 73 72 70 70 71 70 65
Estée Lauder Cos. Inc. 210 208 216 216 204 194 208 208 203 198 217 222 205 208 215 211 195 182 201 211
Nike Inc. 93 101 97 95 92 92 91 94 99 100 99 97 97 100 100 101 98 100 97 96

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q3 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 6.81 = 54

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.’s number of days of inventory outstanding deteriorated from Q1 2020 to Q2 2020 but then slightly improved from Q2 2020 to Q3 2020.

Average Receivable Collection Period

Kimberly-Clark Corp., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Receivables turnover 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 8.19 8.15 8.15 8.15
Short-term Activity Ratio (no. days)
Average receivable collection period1 41 39 49 45 46 48 47 43 46 45 49 46 47 45 45 44 45 45 45 45
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Colgate-Palmolive Co. 29 28 36 33 35 38 37 33 36 36 38 35 37 37 36 34 37 37 36 32
Estée Lauder Cos. Inc. 44 51 55 45 51 51 58 40 48 49 54 43 48 48 52 41 46 47 51 40
Nike Inc. 40 43 43 40 43 42 42 35 39 38 41 39 40 38 39 37 39 40 39 40

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q3 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 8.89 = 41

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. Kimberly-Clark Corp.’s number of days of receivables outstanding improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020.

Operating Cycle

Kimberly-Clark Corp., operating cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 54 55 45 53 52 54 53 51 51 51 53 56 55 55 55 53 55 56 59 58
Average receivable collection period 41 39 49 45 46 48 47 43 46 45 49 46 47 45 45 44 45 45 45 45
Short-term Activity Ratio
Operating cycle1 95 94 94 98 98 102 100 94 97 96 102 102 102 100 100 97 100 101 104 103
Benchmarks
Operating Cycle, Competitors2
Colgate-Palmolive Co. 119 115 110 113 114 115 111 105 108 108 114 107 109 110 108 104 107 108 106 97
Estée Lauder Cos. Inc. 254 259 271 261 255 245 266 248 251 247 271 265 253 256 267 252 241 229 252 251
Nike Inc. 133 144 140 135 135 134 133 129 138 138 140 136 137 138 139 138 137 140 136 136

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q3 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 54 + 41 = 95

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.

Average Payables Payment Period

Kimberly-Clark Corp., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Payables turnover 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 4.73 4.78 4.82 4.58
Short-term Activity Ratio (no. days)
Average payables payment period1 90 91 84 90 85 86 87 90 84 82 84 88 86 83 81 82 77 76 76 80
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Colgate-Palmolive Co. 70 68 69 71 69 70 70 71 67 65 70 72 70 68 67 68 63 63 62 61
Estée Lauder Cos. Inc. 117 115 113 161 120 117 113 152 117 101 97 125 93 100 91 120 97 89 88 110
Nike Inc. 36 43 45 44 39 44 41 41 36 40 40 39 38 41 43 46 37 42 42 47

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q3 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 4.06 = 90

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.’s number of days of payables outstanding increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.

Cash Conversion Cycle

Kimberly-Clark Corp., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 54 55 45 53 52 54 53 51 51 51 53 56 55 55 55 53 55 56 59 58
Average receivable collection period 41 39 49 45 46 48 47 43 46 45 49 46 47 45 45 44 45 45 45 45
Average payables payment period 90 91 84 90 85 86 87 90 84 82 84 88 86 83 81 82 77 76 76 80
Short-term Activity Ratio
Cash conversion cycle1 5 3 10 8 13 16 13 4 13 14 18 14 16 17 19 15 23 25 28 23
Benchmarks
Cash Conversion Cycle, Competitors2
Colgate-Palmolive Co. 49 47 41 42 45 45 41 34 41 43 44 35 39 42 41 36 44 45 44 36
Estée Lauder Cos. Inc. 137 144 158 100 135 128 153 96 134 146 174 140 160 156 176 132 144 140 164 141
Nike Inc. 97 101 95 91 96 90 92 88 102 98 100 97 99 97 96 92 100 98 94 89

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-22), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-23), 10-Q (filing date: 2019-04-22), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-22), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-23), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-25), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-21).

1 Q3 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 54 + 4190 = 5

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.’s cash conversion cycle improved from Q1 2020 to Q2 2020 but then slightly deteriorated from Q2 2020 to Q3 2020.