Lear Corporation (LEA)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 21,666,700 | 21,623,900 | 19,481,600 | 17,871,200 | 15,936,600 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $21,666,700K ÷ $—K
= —
Based on the data provided for Lear Corporation, the payables turnover ratio is not available for the years 2020, 2021, 2022, 2023, and 2024. The payables turnover ratio is a metric that helps assess how efficiently a company is managing its payables by comparing the cost of goods sold to its average accounts payable during a certain period.
The absence of data for the payables turnover ratio may indicate that specific financial information necessary to calculate this ratio is not provided or unavailable. It is important to note that the payables turnover ratio can provide insights into a company's ability to pay its suppliers promptly and effectively manage its working capital.
Given the absence of data for the payables turnover ratio, it is challenging to evaluate Lear Corporation's efficiency in managing its payables and relationships with its suppliers during the specified years. Financial ratios, including the payables turnover ratio, play a crucial role in assessing a company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024