Grid Dynamics Holdings Inc (GDYN)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 223,566 | 199,764 | 189,892 | 123,552 | 69,662 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $223,566K ÷ $—K
= —
The payables turnover ratio for Grid Dynamics Holdings Inc for the years 2020 to 2024 is unavailable as indicated by "—" for each year. This ratio is a measure of how efficiently the company is managing its trade credit and obligations to suppliers. The lack of data for the payables turnover ratio prevents us from assessing the company's ability to pay off its suppliers in a timely manner and the frequency with which it settles its payables. It is important to note that a higher payables turnover ratio generally reflects a more efficient management of payables, while a lower ratio may indicate extended payment terms or potential liquidity issues. Without the specific data on payables turnover for Grid Dynamics Holdings Inc, it is challenging to provide a detailed analysis of this aspect of the company's financial performance.
Peer comparison
Dec 31, 2024