Kirby Corporation (KEX)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,440,680 | 2,391,580 | 2,262,380 | 1,866,680 | 1,730,740 |
| Payables | US$ in thousands | 251,354 | 269,378 | 278,081 | 199,088 | 162,507 |
| Payables turnover | 9.71 | 8.88 | 8.14 | 9.38 | 10.65 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,440,680K ÷ $251,354K
= 9.71
Based on the provided data, Kirby Corporation's payables turnover ratio is not available for the years 2020, 2021, 2022, 2023, and 2024. The lack of specific values for payables turnover makes it challenging to assess the efficiency with which Kirby Corporation is managing its accounts payable. Further data or information would be needed to analyze this ratio and its implications for the company's liquidity and vendor management practices.