GE Aerospace (GE)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,125,000 | 10,291,000 | 14,874,000 | 12,336,000 | 76,388,000 |
| Payables | US$ in thousands | 7,909,000 | 7,516,000 | 12,479,000 | 10,970,000 | — |
| Payables turnover | 0.65 | 1.37 | 1.19 | 1.12 | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,125,000K ÷ $7,909,000K
= 0.65
By analyzing GE Aerospace's payables turnover, we can see a fluctuating trend over the years. The payables turnover ratio was not available in December 2020 but stood at 1.12 in December 2021, indicating that the company took approximately 1.12 years to pay off its accounts payables.
In December 2022, the payables turnover ratio increased to 1.19, suggesting a slight improvement in the efficiency of paying off liabilities. By December 2023, the ratio further increased to 1.37, indicating that the company took around 1.37 years to settle its accounts payables, showing a positive trend in managing its trade payables.
However, by December 2024, the payables turnover ratio dropped significantly to 0.65, implying a decrease in the efficiency of paying off accounts payables. This may signal potential liquidity challenges or changes in the company's payment policies during that period. Further analysis would be needed to understand the factors driving this decline and its implications for GE Aerospace's financial health and operations.
Peer comparison
Dec 31, 2024