GXO Logistics Inc (GXO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,155,000 | 9,671,000 | 9,002,000 | 8,555,000 | 8,396,000 | 8,265,000 | 8,126,000 | 7,937,000 | 7,772,000 | 7,638,000 | 7,400,000 | 7,197,000 | 6,972,000 | 6,545,000 | 6,189,000 | 5,812,000 | 5,492,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $10,155,000K ÷ $—K
= —
The payables turnover ratio for GXO Logistics Inc for the period from December 31, 2020, to December 31, 2024, is not provided in the dataset. The payables turnover ratio is a financial metric that indicates how efficiently a company pays its suppliers. It is calculated by dividing the total purchases made on credit during a period by the average accounts payable for the same period.
Without the specific numerical values of payables turnover, it is not possible to assess GXO Logistics Inc's performance in managing its payables effectively. A high payables turnover ratio generally indicates that a company is paying its suppliers quickly, which can be positive for maintaining good relationships with vendors. Conversely, a low payables turnover ratio may signal potential liquidity issues or inefficiencies in managing payables.
Overall, without the actual payables turnover figures, a detailed analysis of GXO Logistics Inc's payables turnover trend and its implications on the company's financial health and operational efficiency cannot be provided.
Peer comparison
Dec 31, 2024