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