Genuine Parts Co (GPC)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 14,963,000 | 14,799,900 | 14,355,900 | 12,236,400 | 10,882,600 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $14,963,000K ÷ $—K
= —
Based on the provided data, Genuine Parts Co's payables turnover ratio is not available for the years ending December 31, 2020 through December 31, 2024. Without the specific values for accounts payable and cost of goods sold, it is not possible to calculate this ratio.
Payables turnover ratio is a key financial metric that measures how efficiently a company manages its payments to suppliers and vendors. A higher ratio indicates that the company is paying its suppliers more frequently, which can be a sign of effective cash management. In contrast, a lower ratio may suggest that the company is taking longer to pay its outstanding bills.
Given the lack of information, it is not possible to assess Genuine Parts Co's payables turnover performance during the specified years. It would be beneficial to have the relevant financial data to analyze this ratio and evaluate the company's liquidity and payment practices.