Genuine Parts Co (GPC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,486,600 | 23,090,600 | 22,096,000 | 18,870,500 | 16,537,400 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $23,486,600K ÷ $—K
= —
Based on the data provided, Genuine Parts Co's receivables turnover for the years 2020, 2021, 2022, 2023, and 2024 is not available (indicated as "—"). The receivables turnover ratio is a financial metric used to assess a company's efficiency in collecting payments from its customers. Without specific values for the receivables turnover, it is challenging to evaluate the company's effectiveness in managing its accounts receivable and the average number of times receivables are collected within a period.
However, the lack of data for the receivables turnover raises questions about the company's liquidity and collection practices, as this ratio is crucial in understanding the efficiency of converting credit sales into cash. It is important for Genuine Parts Co to provide transparency in its financial reporting by disclosing this information to allow stakeholders to assess the company's operational performance and financial health.