Archer-Daniels-Midland Company (ADM)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 79,752,000 | 81,537,000 | 82,850,000 | 85,305,000 | 87,109,000 | 89,653,000 | 92,640,000 | 94,517,000 | 94,278,000 | 91,249,000 | 87,391,000 | 83,670,000 | 79,262,000 | 74,448,000 | 69,518,000 | 63,228,000 | 59,902,000 | 58,436,000 | 60,000,000 | 60,152,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $79,752,000K ÷ $—K
= —
The payables turnover ratio for Archer-Daniels-Midland Company is not available for the period starting from March 31, 2020, through December 31, 2024, based on the provided data. This ratio is a key financial metric that indicates how efficiently a company pays its suppliers. It is calculated by dividing purchases by the average accounts payable.
Without the specific values for accounts payable and purchases, it is not possible to calculate the payables turnover ratio for the company. However, a high turnover ratio typically suggests that the company is efficiently managing its payables by paying off its suppliers quickly. On the other hand, a low turnover ratio may indicate longer payment periods or potential liquidity issues.
To gain a clearer understanding of Archer-Daniels-Midland Company's payables management efficiency, it is crucial to have access to the necessary financial data covering the relevant periods for calculating the payables turnover ratio accurately.
Peer comparison
Dec 31, 2024