KAR Auction Services Inc (KAR)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,004,700 | 965,000 | 929,000 | 881,600 | 867,600 | 864,800 | 858,400 | 847,700 | 834,300 | 955,500 | 1,059,000 | 1,180,300 | 1,299,900 | 1,302,100 | 1,318,700 | 1,220,600 | 1,284,800 | 1,354,300 | 1,435,500 | 1,617,800 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,004,700K ÷ $—K
= —
The payables turnover ratio for KAR Auction Services Inc is unavailable or not provided in the financial data for the periods listed. The payables turnover ratio is a financial metric used to assess how efficiently a company is managing its payables by comparing its purchases to its average accounts payable during a specific period.
Without the specific values for payables turnover, it is challenging to evaluate the company's liquidity, operational efficiency, and vendor management. A high payables turnover ratio typically indicates that the company is paying its suppliers quickly, which could imply strong liquidity but may also lead to missed opportunities for utilizing cash more effectively.
On the other hand, a low payables turnover ratio may suggest that the company is taking longer to pay its vendors, potentially affecting relationships or indicating cash flow challenges. Overall, without the payables turnover data, it is difficult to draw conclusions regarding KAR Auction Services Inc's payables management strategy and financial performance in relation to its suppliers.
Peer comparison
Dec 31, 2024