GXO Logistics Inc (GXO)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cost of revenue	US$ in thousands	9,166,000	8,690,000	7,690,000
Payables	US$ in thousands	709,000	717,000	624,000
Payables turnover		12.93	12.12	12.32

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $9,166,000K ÷ $709,000K
= 12.93

The payables turnover ratio for GXO Logistics Inc has been consistently reported as 0.00 for the years ending December 31, 2020, 2021, 2022, and 2023. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable in relation to its cost of goods sold. This could suggest potential inefficiencies in the company's payment practices or supplier relationships. Further investigation into the company's payables management policies and strategies may be warranted to improve cash flow and vendor relationships.