Ford Motor Company (F)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 162,368,000 | 149,555,000 | 135,333,000 | 127,944,000 | 152,137,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $162,368,000K ÷ $—K
= —
The payables turnover ratio measures how efficiently Ford Motor Co. manages its accounts payables by calculating how many times the company pays off its suppliers in a given period.
The trend in Ford's payables turnover over the past five years shows a generally stable performance, with fluctuations within a relatively narrow range. In 2019, the payables turnover ratio was the highest at 6.52, indicating that the company paid its suppliers more frequently that year.
Subsequently, there was a slight decrease in the payables turnover ratio in 2020 (5.08), followed by a slight increase in 2021 (5.13) and 2022 (5.25). The most recent data for 2023 shows a further increase to 5.79, suggesting that Ford has been managing its payables more effectively compared to the previous years.
Overall, a higher payables turnover ratio indicates that Ford is paying its suppliers more frequently, which may signify good relationships and negotiation power with suppliers. However, it is essential to assess this ratio in conjunction with other financial metrics to get a holistic view of the company's liquidity and operational efficiency.
Peer comparison
Dec 31, 2023