Century Aluminum Company (CENX)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,094,200 | 2,139,800 | 2,929,400 | 2,148,000 | 1,641,600 |
| Payables | US$ in thousands | 187,300 | 249,500 | 167,300 | 186,500 | 106,100 |
| Payables turnover | 11.18 | 8.58 | 17.51 | 11.52 | 15.47 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,094,200K ÷ $187,300K
= 11.18
The payables turnover ratio for Century Aluminum Company has exhibited fluctuations over the past five years. The ratio was 15.47 in December 31, 2020, indicating that the company was able to turn over its payables approximately 15.47 times during that year. However, in December 31, 2021, the ratio decreased to 11.52, suggesting a slowdown in the turnover of payables.
In December 31, 2022, the payables turnover ratio increased to 17.51, reflecting an improvement in the company's efficiency in managing its accounts payable. This was followed by a notable decrease to 8.58 in December 31, 2023, indicating a potential elongation in the payment period for the company's payables.
By December 31, 2024, the payables turnover ratio slightly recovered to 11.18. Overall, the fluctuations in the payables turnover ratio for Century Aluminum Company indicate varying efficiency levels in managing its payables over the analyzed period.
Peer comparison
Dec 31, 2024