Alphabet Inc Class C (GOOG)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 146,306,000 | 133,332,000 | 126,203,000 | 110,939,000 | 84,732,000 |
| Payables | US$ in thousands | 7,987,000 | 7,493,000 | 5,128,000 | 6,037,000 | 5,589,000 |
| Payables turnover | 18.32 | 17.79 | 24.61 | 18.38 | 15.16 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $146,306,000K ÷ $7,987,000K
= 18.32
The payables turnover ratio for Alphabet Inc Class C has shown fluctuations over the years. In 2020, the payables turnover was 15.16, indicating that the company's payables were turning over approximately 15 times during the year. This ratio increased to 18.38 in 2021, reflecting an improvement in the efficiency of managing payables.
The trend continued to 24.61 in 2022, reaching its peak during this period, suggesting that Alphabet Inc Class C was managing its payables more effectively compared to previous years. However, in 2023, the payables turnover ratio decreased to 17.79, indicating a slight decline in efficiency in paying off its obligations.
By the end of 2024, the payables turnover ratio for Alphabet Inc Class C was recorded at 18.32, which was relatively consistent with the previous year. Overall, fluctuations in the payables turnover ratio can provide insights into the company's management of accounts payable and its ability to effectively use its working capital.
Peer comparison
Dec 31, 2024