GE Aerospace (GE)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	10,291,000	14,874,000	12,336,000	76,388,000	87,269,000
Payables	US$ in thousands	10,678,000	12,479,000	10,970,000	—	15,926,000
Payables turnover		0.96	1.19	1.12	—	5.48

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $10,291,000K ÷ $10,678,000K
= 0.96

The payables turnover ratio for General Electric Co. provides insight into how efficiently the company is managing its accounts payables. The ratio indicates how many times during the period the company paid off its suppliers.

Looking at the data provided, the payables turnover ratio for General Electric Co. was 4.72 for the year ended December 31, 2023. This signifies that the company paid off its suppliers approximately 4.72 times during the year.

Unfortunately, there is no data available for the payables turnover ratio for the years 2022, 2021, 2020, as only the value for 2019 is provided, which was 4.40.

Comparing the 2023 ratio of 4.72 to the 2019 ratio of 4.40, we observe an increase in efficiency in managing accounts payables. This suggests that General Electric Co. has been more effective in paying off its suppliers in 2023 compared to 2019.

It is important for analysts to continue monitoring this ratio in the upcoming periods to assess the company's ability to effectively manage its accounts payables and to ensure sustainable growth and financial health.