Kelly Services A Inc (KELYA)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,852,600 | 4,941,000 | 4,867,100 | 4,517,600 | 4,387,200 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,852,600K ÷ $—K
= —
To calculate Kelly Services, Inc.'s payables turnover ratio, we need data on accounts payable and cost of goods sold. Without that information provided in the table, we are unable to compute the payables turnover ratio for the mentioned years. Payables turnover ratio is an important liquidity metric that indicates how efficiently a company manages its accounts payable by comparing the amount of purchases made on credit to the average accounts payable balance during a certain period. A higher payables turnover ratio generally reflects better liquidity and indicates that the company is paying off its suppliers more quickly. Conversely, a lower ratio may suggest inefficiencies in managing payables or indicate favorable credit terms with suppliers.
Peer comparison
Dec 31, 2023