Chemours Co (CC)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,211,000 | 6,189,000 | 6,081,000 | 4,603,000 | 5,462,000 |
| Payables | US$ in thousands | 1,159,000 | 1,233,000 | 1,162,000 | 844,000 | 923,000 |
| Payables turnover | 5.36 | 5.02 | 5.23 | 5.45 | 5.92 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $6,211,000K ÷ $1,159,000K
= 5.36
The payables turnover ratio for Chemours Co has been relatively consistent over the past five years, ranging from 5.02 to 5.92 times. This ratio indicates how efficiently the company is managing its accounts payable by measuring how many times a year the company pays off its suppliers. A higher payables turnover ratio generally suggests that the company is paying its suppliers more frequently or taking longer to pay them, which could have implications for cash flow management and supplier relationships. In Chemours Co's case, the slight fluctuations in the ratio suggest a stable trend in managing supplier payments over the years. However, further analysis would be beneficial to understand the underlying reasons for the changes in the ratio and their potential impact on the company's financial health.
Peer comparison
Dec 31, 2023