The Andersons Inc (ANDE)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 14,004,700 | 16,641,200 | 12,019,400 | 7,698,420 | 7,542,490 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $14,004,700K ÷ $—K
= —
To calculate Andersons Inc.'s payables turnover, we need the following formula:
Payables Turnover = Cost of Goods Sold / Average Accounts Payable
However, since the data for the Cost of Goods Sold and Accounts Payable is not provided in the table, we are unable to compute the payables turnover for Andersons Inc. for the years indicated.
The payables turnover ratio is a crucial metric that reflects how efficiently a company manages its payables by paying its suppliers. A higher payables turnover is generally considered favorable as it indicates that the company is able to settle its payables more quickly. Conversely, a lower payables turnover could suggest potential liquidity issues or inefficiencies in managing payables.
In conclusion, without the necessary financial data, we are unable to assess Andersons Inc.'s payables turnover for the specified years.
Peer comparison
Dec 31, 2023