Albemarle Corp (ALB)

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	5,314,990	7,281,710	8,078,640	8,449,380	8,431,290	6,990,730	5,783,060	4,870,529	4,245,517	3,283,467	2,816,770	2,443,080	2,329,986	2,286,103	2,197,622	2,202,833	2,134,056	2,174,382	2,251,450	2,279,898
Payables	US$ in thousands	—	—	—	—	—	—	—	1,758,250	1,533,620	1,651,870	1,091,580	845,710	600,487	545,922	535,153	492,532	483,221	465,644	523,160	573,075
Payables turnover		—	—	—	—	—	—	—	2.77	2.77	1.99	2.58	2.89	3.88	4.19	4.11	4.47	4.42	4.67	4.30	3.98

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $5,314,990K ÷ $—K
= —

The payables turnover ratio for Albemarle Corp provides insight into how efficiently the company is managing its accounts payable. A higher ratio indicates that the company is paying off its suppliers more quickly.

Analyzing the trend of Albemarle Corp's payables turnover ratio over the given periods, we can see that the ratio increased steadily from March 31, 2020, to December 31, 2021, peaking at 4.67 on September 30, 2020. This indicates that the company was managing its payables effectively during this period.

However, starting from March 31, 2022, the payables turnover ratio started to decrease, reaching a low of 1.99 on September 30, 2022. This downward trend continued until March 31, 2023, with the ratio stabilizing at around 2.77.

The lack of data available from June 30, 2023, onwards makes it challenging to assess the current status of Albemarle Corp's payables turnover ratio. It would be important to monitor future financial reports to understand the company's payables management efficiency.