Granite Construction Incorporated (GVA)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,434,876 | 3,447,712 | 3,325,329 | 3,203,020 | 3,112,739 | 2,965,784 | 2,905,046 | 2,799,386 | 2,769,488 | 2,708,600 | 2,761,355 | 2,918,775 | 3,027,559 | 3,234,938 | 3,231,936 | 3,212,138 | 3,217,671 | 2,890,025 | 2,947,511 | 2,962,027 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,434,876K ÷ $—K
= —
The payables turnover ratio for Granite Construction Incorporated is not available for the period from March 31, 2020, to December 31, 2024, as the data provided is marked as '—'. The payables turnover ratio is a financial metric that indicates how efficiently a company is managing its payables by comparing the amount owed to suppliers to the average accounts payable outstanding during a specific period.
Without the specific values for payables turnover ratio over time, it is challenging to assess the company's ability to pay off its suppliers efficiently. A higher payables turnover ratio generally indicates that a company is paying off its suppliers more quickly, which can be a positive sign of efficient operations. Conversely, a low payables turnover ratio may indicate that a company is taking longer to pay its suppliers, which could potentially strain supplier relationships or signal financial distress.
Given the absence of data for Granite Construction Incorporated's payables turnover ratio, further analysis based on other financial indicators and industry benchmarks would be required to fully evaluate the company's payables management performance.
Peer comparison
Dec 31, 2024