Quest Diagnostics Incorporated (DGX)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 6,672,000 | 6,457,000 | 6,321,000 | 6,246,000 | 6,195,000 | 6,222,000 | 6,299,000 | 6,364,000 | 6,450,000 | 6,593,000 | 6,645,000 | 6,599,000 | 6,579,000 | 6,594,000 | 6,504,000 | 6,160,000 | 5,804,000 | 5,335,000 | 5,019,000 | 5,063,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,672,000K ÷ $—K
= —
The payables turnover ratio for Quest Diagnostics Incorporated is not available for the period from March 31, 2020, to December 31, 2024, as indicated by the data provided. The payables turnover ratio is a financial metric used to evaluate how efficiently a company manages its accounts payable by comparing the cost of goods sold to its average accounts payable balance.
A high payables turnover ratio typically indicates that the company is paying its suppliers quickly, which can be favorable in terms of maintaining good relationships and potentially benefiting from early payment discounts. On the other hand, a low payables turnover ratio may suggest that the company is taking a longer time to pay its suppliers, which could lead to strained supplier relationships or missed discount opportunities.
It's important to note that although the payables turnover ratio provides insights into a company's payment practices, it should be analyzed in conjunction with other financial ratios and metrics to gain a comprehensive understanding of the company's overall financial health and operational efficiency.
Peer comparison
Dec 31, 2024