Lear Corporation (LEA)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	22,679,700	20,380,700	18,688,600	16,736,300	18,948,800
Payables	US$ in thousands	3,434,200	3,206,100	2,952,400	3,141,600	2,821,700
Payables turnover		6.60	6.36	6.33	5.33	6.72

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $22,679,700K ÷ $3,434,200K
= 6.60

To calculate Lear Corp.'s payables turnover, we need to use the formula:

Payables Turnover = Total Purchases / Average Accounts Payable

However, since the table doesn't provide the specific values for Total Purchases or Accounts Payable, we are unable to compute the payables turnover ratio for the company. Without this information, we cannot analyze the trend or performance of Lear Corp.'s payables turnover over the past five years. It is essential to have access to the relevant financial data to assess the efficiency of the company in managing its payables and its relationships with suppliers.