International Seaways Inc (INSW)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 324,010 | 444,237 | 394,149 | 310,351 | 252,473 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $324,010K ÷ $—K
= —
Based on the provided data, the payables turnover ratio for International Seaways Inc is not available for the years ending on December 31, 2020 to December 31, 2024. The payables turnover ratio is a measure of how efficiently a company manages its outstanding payments to suppliers in relation to its cost of goods sold.
The absence of data for the payables turnover ratio over the specified period makes it challenging to assess the company's ability to efficiently manage its trade payables. A higher payables turnover ratio generally indicates that the company is effectively paying its suppliers in a timely manner, while a lower ratio may suggest that the company is taking longer to settle its payables.
Without the specific values for the payables turnover ratio, it is not possible to provide a detailed analysis of International Seaways Inc's payables management efficiency during the referenced period.
Peer comparison
Dec 31, 2024