The Andersons Inc (ANDE)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 10,563,600 | 14,004,700 | 16,641,200 | 12,019,400 | 7,698,420 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $10,563,600K ÷ $—K
= —
The data provided for The Andersons Inc payables turnover indicates that the payables turnover ratio is not available for the years 2020, 2021, 2022, 2023, and 2024. This lack of information regarding the payables turnover ratio for these years makes it challenging to assess the efficiency of the company in managing its accounts payable.
The payables turnover ratio typically measures how efficiently a company is able to pay its suppliers or vendors. A higher ratio generally indicates that the company is paying off its payables more quickly, which can be a positive signal of strong cash flow management. On the other hand, a low ratio may suggest that the company is taking longer to settle its payables, which could potentially lead to strained supplier relationships or even liquidity issues.
In the absence of specific data, it is important for stakeholders and analysts to seek further information or context regarding The Andersons Inc's payables turnover performance in order to gain a more comprehensive understanding of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024