CNH Industrial N.V. (CNH)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 16,838,000 | 16,797,000 | 14,109,000 | 11,152,000 | 21,832,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $16,838,000K ÷ $—K
= —
To calculate CNH Industrial N.V.'s payables turnover for each year, we can use the formula:
Payables Turnover = Cost of Goods Sold / Average Accounts Payable
However, without the specific values for cost of goods sold and accounts payable for each year, we are unable to calculate the payables turnover ratios.
Payables turnover is a crucial financial ratio that measures how efficiently a company is managing its accounts payable by paying its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly, which may be beneficial in terms of building strong supplier relationships and potentially negotiating better terms.
On the other hand, a low payables turnover ratio could indicate that the company is taking longer to pay its suppliers, which may lead to strained relationships or potential cash flow issues.
Without the specific data, we are unable to provide a detailed analysis of CNH Industrial N.V.'s payables turnover for the years indicated.
Peer comparison
Dec 31, 2023