EMCOR Group Inc (EME)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 11,801,100 | 10,493,500 | 9,472,530 | 8,401,840 | 7,401,680 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $11,801,100K ÷ $—K
= —
Based on the provided data, EMCOR Group Inc's payables turnover for the years 2020 to 2024 is not available. Payables turnover is a financial ratio that indicates how efficiently a company is managing its trade payables by measuring how many times a company pays off its average accounts payable balance in a given period.
Without the specific payables turnover figures for EMCOR Group Inc for the mentioned years, it is difficult to assess the company's efficiency in managing its trade payables. In general, a higher payables turnover ratio indicates that a company is paying off its suppliers more quickly, which can be a sign of good financial health and effective cash flow management. Conversely, a lower payables turnover ratio may suggest that a company is taking too long to pay its suppliers, which could strain supplier relationships and potentially lead to liquidity issues.
Therefore, it is recommended to further analyze EMCOR Group Inc's financial statements to calculate the payables turnover ratio for the specified years in order to evaluate the company's payment practices and financial health accurately.
Peer comparison
Dec 31, 2024