AdvanSix Inc (ASIX)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,364,620 | 1,368,510 | 1,631,160 | 1,410,500 | 1,024,170 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,364,620K ÷ $—K
= —
Based on the provided data showing that the payables turnover ratio for AdvanSix Inc for the years 2020, 2021, 2022, 2023, and 2024 is not available ("—"), it is challenging to assess the company's efficiency in managing its accounts payable during these periods.
The payables turnover ratio provides insights into how quickly a company pays off its suppliers. A higher ratio typically indicates that a company is paying its suppliers more quickly, which can be favorable in terms of maintaining good supplier relationships. Conversely, a low payables turnover ratio may suggest that a company is taking longer to pay its suppliers, potentially signaling liquidity or operational issues.
The absence of data for AdvanSix Inc's payables turnover ratios for the referenced years precludes the ability to make any definitive conclusions about the company's accounts payable management efficiency during those periods. It would be beneficial to have access to this information to gain a more comprehensive understanding of the company's financial performance and working capital management.
Peer comparison
Dec 31, 2024