Forward Air Corporation (FWRD)
Payables turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,187,946 | 2,297,643 | 2,135,223 | 1,958,502 | 1,626,095 | 1,329,954 | 1,337,224 | 1,332,489 | 1,387,405 | 1,426,582 | 1,431,380 | 1,391,586 | 1,356,071 | 1,297,101 | 1,234,322 | 1,179,224 | 1,080,683 | 1,075,411 | 1,096,861 | 1,115,685 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,187,946K ÷ $—K
= —
The payables turnover ratio for Forward Air Corporation is not provided in the data for the periods ranging from June 30, 2020, to March 31, 2025. The payables turnover ratio is a financial metric used to evaluate how efficiently a company manages its accounts payable by comparing the company's average accounts payable to its cost of goods sold.
Without the specific data points for accounts payable and cost of goods sold, we are unable to calculate the payables turnover ratio for Forward Air Corporation. However, a higher payables turnover ratio generally indicates that a company is paying off its suppliers more frequently, which can be a positive sign of effective cash flow management. Conversely, a lower payables turnover ratio might suggest that the company is taking longer to pay its suppliers, potentially indicating liquidity issues or strained supplier relationships.
In conclusion, as the payables turnover ratio data is unavailable for Forward Air Corporation, a detailed analysis of this specific financial metric for the company cannot be provided at this time. The company may consider disclosing this ratio in future financial reports to provide stakeholders with a more comprehensive view of its financial performance and management of payables.
Peer comparison
Mar 31, 2025