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.
Peer comparison
Dec 31, 2023
Company name
Symbol
Payables turnover
GXO Logistics Inc
GXO
12.93
Booking Holdings Inc
BKNG
3.48
Expedia Group Inc.
EXPE
8.18
GATX Corporation
GATX
—
RXO Inc.
RXO
8.67
Verra Mobility Corp
VRRM
3.57
XPO Logistics Inc
XPO
7.30