Franklin Electric Co Inc (FELE)
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 | 1,304,061 | 1,295,517 | 1,305,920 | 1,343,159 | 1,368,125 | 1,378,377 | 1,387,276 | 1,368,426 | 1,352,276 | 1,316,395 | 1,251,221 | 1,174,412 | 1,085,776 | 1,008,147 | 939,137 | 855,255 | 814,192 | 823,340 | 827,240 | 861,703 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,304,061K ÷ $—K
= —
The payables turnover ratio for Franklin Electric Co Inc, based on the provided data, is not available from March 31, 2020, to December 31, 2024. This indicates that the company's financial statements do not provide the necessary information to calculate the payables turnover ratio, which is a key metric used to assess how efficiently a company is managing its trade payables.
The payables turnover ratio is calculated by dividing the total purchases made on credit by the average accounts payable during a specific period. A high payables turnover ratio suggests that the company is paying its suppliers quickly, which can be a sign of good financial health and efficient working capital management. On the other hand, a low payables turnover ratio may indicate that the company is taking longer to pay its suppliers, which could lead to strained relationships or cash flow issues.
Without the specific data on the payables turnover ratio for Franklin Electric Co Inc, it is not possible to provide a detailed analysis of how the company is managing its payables in relation to its overall financial performance. It would be beneficial for stakeholders to request this information from the company or explore additional sources to gain insight into its payables management practices.
Peer comparison
Dec 31, 2024