Corteva Inc (CTVA)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,529,000 | 10,064,000 | 10,436,000 | 9,220,000 | 8,507,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $9,529,000K ÷ $—K
= —
Based on the provided data, it appears that the payables turnover ratio for Corteva Inc is not available ("—") for the years ending December 31, 2020 through December 31, 2024. The payables turnover ratio is a key financial metric that indicates how efficiently a company is managing its accounts payable. Without specific values for the payables turnover ratio, it is difficult to assess Corteva Inc's ability to effectively manage its trade payables during the specified years.
It is important to note that a higher payables turnover ratio typically suggests that a company is paying off its suppliers more quickly, which can indicate strong liquidity and efficient working capital management. Conversely, a low payables turnover ratio may signal that a company is taking longer to pay off its suppliers, which could potentially strain supplier relationships and impact cash flow.
Since there is no data provided for the payables turnover ratio for Corteva Inc, further analysis or additional information would be needed to fully evaluate the company's performance in terms of managing its accounts payable effectively.
Peer comparison
Dec 31, 2024