CarGurus (CARG)
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 | 160,464 | 186,003 | 192,317 | 229,432 | 262,788 | 357,402 | 577,950 | 825,732 | 997,482 | 1,007,387 | 791,751 | 518,690 | 294,015 | 145,862 | 95,591 | 55,154 | 42,706 | 41,812 | 41,442 | 40,190 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $160,464K ÷ $—K
= —
Given the data provided, the payables turnover ratio for CarGurus is not available for the period from March 31, 2020, to December 31, 2024. The payables turnover ratio is a financial metric used to assess how efficiently a company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a period.
A higher payables turnover ratio typically indicates that the company is paying its suppliers more quickly, which may be a sign of strong liquidity and good vendor relationships. On the other hand, a low payables turnover ratio may suggest that the company is taking longer to pay its suppliers, which could indicate potential liquidity issues or strained supplier relationships.
Without access to the specific payables turnover figures for CarGurus, it is challenging to provide a detailed analysis of the company's payables management efficiency. However, monitoring this ratio over time can help stakeholders assess CarGurus' ability to effectively manage its accounts payable and its relationships with suppliers.
Peer comparison
Dec 31, 2024