Howmet Aerospace Inc (HWM)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,119,000 | 4,773,000 | 4,103,000 | 3,596,000 | 3,878,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,119,000K ÷ $—K
= —
Based on the data provided, Howmet Aerospace Inc's payables turnover ratio for the years 2020, 2021, 2022, 2023, and 2024 is not available ("—"). This indicates that the information regarding the company's payables turnover, which is a measure of how efficiently the company is managing its accounts payable, is not disclosed or reported in the financial statements for these years.
The payables turnover ratio is calculated by dividing the total purchases made on credit during a period by the average accounts payable balance for the same period. A higher payables turnover ratio generally suggests that the company is paying its suppliers more quickly or has negotiated better credit terms, while a lower ratio may indicate inefficiencies in managing payables.
Without the specific data for Howmet Aerospace's payables turnover, it is challenging to assess the efficiency of the company's accounts payable management. Investors and analysts typically use this ratio to evaluate the company's liquidity, operational efficiency, and relationships with suppliers. Therefore, the absence of this information may limit the depth of the financial analysis and could hinder a comprehensive understanding of the company's financial performance in relation to its payables management.
Peer comparison
Dec 31, 2024