Ametek Inc (AME)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,464,710 | 4,160,290 | 4,005,260 | 3,633,900 | 2,996,520 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,464,710K ÷ $—K
= —
Based on the data provided, the payables turnover ratio for Ametek Inc is shown as "—", indicating that specific figures for the payables turnover are not available for the years 2020 through 2024.
The payables turnover ratio measures how efficiently a company is managing its accounts payable by comparing the cost of goods sold to average accounts payable. A higher ratio generally indicates that the company is paying its suppliers more quickly.
Without the specific data points for the payables turnover ratio over the years, it is challenging to assess how effectively Ametek Inc is managing its accounts payable. It is crucial for stakeholders to have access to this ratio in order to gain insights into the company's liquidity and operational efficiency in terms of managing its payables effectively.
Peer comparison
Dec 31, 2024