GATX Corporation (GATX)

Payables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	242,600	593,400	603,000	566,800	819,600
Payables	US$ in thousands	—	—	—	—	—
Payables turnover		—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $242,600K ÷ $—K
= —

Based on the provided data, GATX Corporation's payables turnover ratio is not available for the years from December 31, 2020, to December 31, 2024. The lack of specific values for this ratio makes it difficult to assess how effectively the company is managing its accounts payable and the frequency at which it pays its suppliers. It is important to note that a higher payables turnover ratio generally indicates a shorter period within which a company pays its suppliers, which can imply efficient cash management.

However, without the actual values for the payables turnover ratio for GATX Corporation, it is challenging to draw any concrete conclusions about the company's payables management practices during the specified reporting periods. It would be beneficial to obtain updated financial information or further details to gain a clearer understanding of GATX Corporation’s performance in this aspect.