IQVIA Holdings Inc (IQV)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 13,054,000 | 12,856,000 | 12,451,000 | 12,334,000 | 10,494,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $13,054,000K ÷ $—K
= —
The payables turnover ratio for IQVIA Holdings Inc for the years 2020 to 2024 is not available as indicated by the data provided. The payables turnover ratio is typically calculated by dividing purchases by average accounts payable. This ratio is a measure of how efficiently a company is managing its payables and how quickly it is paying its suppliers.
Without the specific values for the payables turnover ratio, it is challenging to assess the company's ability to effectively manage its payables and cash flow. A higher payables turnover ratio generally indicates that the company is paying its suppliers more quickly, which could potentially strain its liquidity. On the other hand, a lower ratio may suggest that the company is taking longer to pay its bills, which could impact supplier relationships.
In order to gain a better understanding of IQVIA Holdings Inc's payables turnover performance, it would be necessary to obtain the actual values for the ratio and compare them to industry benchmarks and historical trends.
Peer comparison
Dec 31, 2024