Quest Diagnostics Incorporated (DGX)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,628,000 | 6,199,000 | 6,450,000 | 6,579,000 | 5,804,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $6,628,000K ÷ $—K
= —
The payables turnover ratio for Quest Diagnostics Incorporated has not been provided for the years December 31, 2020 to December 31, 2024. This ratio is typically used to assess how efficiently a company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a specific period. Without this data, it is challenging to evaluate the company's ability to effectively manage its payables and its relationships with suppliers. It is important to note that payables turnover can provide insights into the liquidity and operating efficiency of a company.
Peer comparison
Dec 31, 2024