CONMED Corporation (CNMD)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 573,983 | 568,499 | 474,227 | 442,599 | 402,159 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $573,983K ÷ $—K
= —
The payables turnover ratio for CONMED Corporation is not available for the years 2020, 2021, 2022, 2023, and 2024 based on the provided data. This ratio is a measure of how efficiently a company is managing its trade payables. It indicates the number of times a company pays off its average accounts payable balance during a specific period. Without access to the payables turnover ratio, it is challenging to assess CONMED Corporation's ability to effectively manage its payable obligations. Investors and analysts typically use this ratio to evaluate a company's liquidity and supplier credit terms.
Peer comparison
Dec 31, 2024