Core Laboratories NV (CLB)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 461,485 | 3,685 | 3,687 | 3,690 |
| Payables | US$ in thousands | 34,549 | 33,627 | 36,863 | 32,486 |
| Payables turnover | 13.36 | 0.11 | 0.10 | 0.11 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $461,485K ÷ $34,549K
= 13.36
The payables turnover ratio for Core Laboratories NV has shown significant fluctuations throughout the year 2024. In March and September 2024, the payables turnover ratio was relatively low at 0.11, indicating that the company took approximately 0.11 times to pay off its accounts payable during those periods.
However, there was a notable spike in the payables turnover ratio to 13.36 in December 2024. This sudden increase suggests a much faster rate of paying off accounts payable at the end of the year compared to earlier quarters.
Overall, the significant variance in the payables turnover ratio may imply changes in the company's payment terms with suppliers, cash flow management, or efficiency in managing payables during different quarters of the year. Further analysis of the company's financial performance and working capital management practices would be necessary to fully understand the reasons behind these fluctuations.
Peer comparison
Dec 31, 2024