Ingredion Incorporated (INGR)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,639,000 | 6,411,000 | 6,452,000 | 5,563,000 | 4,715,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,639,000K ÷ $—K
= —
The payables turnover ratio indicates how efficiently a company is managing its payments to suppliers. In the provided data for Ingredion Incorporated, the payables turnover ratio is consistently not available from December 31, 2020, to December 31, 2024. This lack of data may suggest that the company does not disclose this particular ratio or that it may not be calculated in the conventional manner.
Without the specific values for payables turnover, it is challenging to assess the company's payables management efficiency or to compare it with industry benchmarks. It is important to note that a high payables turnover ratio generally indicates that a company is paying its suppliers quickly, which could potentially strain its liquidity position, while a low ratio may imply inefficiencies or extended payment periods.
In conclusion, the absence of data for the payables turnover ratio for Ingredion Incorporated limits the ability to gauge its payment practices and efficiency in managing trade payables over the specified period. Additional financial information or context would be needed to provide a more thorough analysis of the company's payables turnover performance.
Peer comparison
Dec 31, 2024