IDEXX Laboratories Inc (IDXX)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,518,580 | 1,470,980 | 1,362,990 | 1,325,930 | 1,135,620 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,518,580K ÷ $—K
= —
The payables turnover ratio for IDEXX Laboratories Inc is not provided in the data for the years ending in December 31, 2020 to December 31, 2024. Without this specific data, it is difficult to assess the company's efficiency in managing its payables relative to its purchases during these periods. Payables turnover ratio is a key metric that indicates how many times a company pays off its accounts payable during a particular period. A higher payables turnover ratio usually suggests that a company is efficiently managing its vendors and paying off its short-term debt obligations in a timely manner. A low payables turnover ratio, on the other hand, might indicate inefficiency in managing payables or an extended payment period that could strain the company's liquidity position.
Peer comparison
Dec 31, 2024