Certara Inc (CERT)

Payables turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 154,516 141,022 132,577 111,616 100,765
Payables US$ in thousands — — — — —
Payables turnover — — — — —

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $154,516K ÷ $—K
= —

Based on the data provided, Certara Inc's payables turnover ratio is not available for the years ending December 31, 2020 to December 31, 2024. This ratio is typically used to assess how efficiently a company is managing its accounts payable and is calculated by dividing the cost of goods sold by the average accounts payable balance. The absence of data for payables turnover restricts our ability to evaluate Certara Inc's ability to pay its suppliers in a timely manner and manage its working capital effectively over the specified period.