Forward Air Corporation (FWRD)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,134,610 | 1,040,580 | 1,426,580 | 1,297,100 | 1,040,460 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,134,610K ÷ $—K
= —
The payables turnover ratio for Forward Air Corporation is not provided for the years ending December 31, 2020, 2021, 2022, 2023, and 2024. This lack of data makes it difficult to assess the efficiency of the company in managing its accounts payable during the specified periods. Payables turnover ratio is a key financial metric that helps in evaluating how quickly a company pays its suppliers. Without this information, it is challenging to gauge the company's ability to efficiently manage its trade payables and negotiate favorable credit terms with its vendors. Additional data or context would be needed to conduct a thorough analysis of Forward Air Corporation's payables turnover performance.
Peer comparison
Dec 31, 2024