Eaton Corporation PLC (ETN)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 15,375,000 | 14,576,000 | 13,865,000 | 13,293,000 | 12,408,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $15,375,000K ÷ $—K
= —
Based on the provided data for Eaton Corporation PLC, the payables turnover ratio is consistently shown as not available (N/A) for the years ranging from December 31, 2020, to December 31, 2024. This indicates that specific information related to the payables turnover for these periods is not provided in the dataset.
The payables turnover ratio is a financial metric used to assess how efficiently a company manages its accounts payable by measuring the frequency with which it pays its suppliers. A higher payables turnover ratio typically indicates that a company is effectively managing its payables and may be paying its suppliers more quickly. Conversely, a lower ratio may suggest inefficiencies in managing payables or potentially longer payment periods with suppliers.
In the absence of data for the payables turnover ratio for Eaton Corporation PLC, it is challenging to draw conclusions regarding the company's payment practices and efficiency in managing accounts payable over the specified years. Additional information or data points would be necessary to conduct a more thorough analysis of this aspect of the company's financial performance.
Peer comparison
Dec 31, 2024