Illinois Tool Works Inc (ITW)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,858,000 | 9,316,000 | 9,429,000 | 8,489,000 | 7,375,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $8,858,000K ÷ $—K
= —
The payables turnover ratio for Illinois Tool Works Inc has been consistent at "—", which indicates that the company is not providing specific data for this metric. This ratio measures how efficiently a company is managing its accounts payable by calculating how many times a company pays off its average accounts payable balance during a given period. Without specific data points, it is difficult to assess the company's ability to manage its payables effectively. It is important for investors and analysts to have access to this information in order to evaluate the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024