CH Robinson Worldwide Inc (CHRW)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 16,416,200 | 16,457,600 | 22,826,400 | 21,493,700 | 15,037,700 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $16,416,200K ÷ $—K
= —
Based on the provided data for CH Robinson Worldwide Inc, there are no specific values available for the payables turnover ratio for the years December 31, 2020 to December 31, 2024. The payables turnover ratio is a financial metric used to evaluate a company's efficiency in managing its accounts payable by calculating how many times a company pays off its average accounts payable balance within a specific period.
However, since there are no values provided for this ratio over the given years, it is not possible to analyze CH Robinson Worldwide Inc's performance in terms of its payables turnover ratio. It is important to note that a higher payables turnover ratio generally indicates that a company is managing its payables effectively and efficiently utilizing its supplier credit terms. Conversely, a low payables turnover ratio may suggest that the company is not paying its suppliers in a timely manner.
Without the specific data, a comprehensive analysis of the company's payables turnover ratio and its implications on its financial management cannot be conducted.
Peer comparison
Dec 31, 2024