GE Vernova LLC (GEV)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 28,274,000 | 26,004,000 | 27,692,000 |
| Payables | US$ in thousands | — | — | — |
| Payables turnover | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $28,274,000K ÷ $—K
= —
Unfortunately, without the specific values for payables and cost of goods sold, we are unable to calculate the payables turnover ratio for GE Vernova LLC for the years ending December 31, 2023, 2022, and 2021. The payables turnover ratio is a key indicator of how efficiently a company is managing its suppliers and trade credit. A higher payables turnover ratio typically indicates that the company is paying its suppliers more quickly, which may suggest strong liquidity but could also lead to strained relationships with suppliers. Conversely, a lower payables turnover ratio may indicate that the company is paying its suppliers more slowly, potentially taking advantage of trade credit terms. It is crucial to have the specific financial data to calculate this ratio accurately and draw meaningful conclusions about the company's payables management performance.
Peer comparison
Dec 31, 2023