GATX Corporation (GATX)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	593,400	603,000	566,800	819,600	867,200
Payables	US$ in thousands	—	—	—	—	—
Payables turnover		—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $593,400K ÷ $—K
= —

To calculate GATX Corp.'s payables turnover ratio, we need the following formula:
Payables Turnover = Purchases / Average Accounts Payable

As the specific figures for purchases and accounts payable are not provided in the table above, we are unable to compute the payables turnover for GATX Corp. for the years 2019 to 2023. To draw meaningful conclusions about the efficiency of GATX Corp.'s payables management, we would require access to more detailed financial data.