Leggett & Platt Incorporated (LEG)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,634,500 | 3,871,500 | 4,169,900 | 4,034,300 | 3,385,700 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,634,500K ÷ $—K
= —
Based on the data provided, Leggett & Platt Incorporated's payables turnover ratio for the years ending December 31, 2020 through 2024 is not available (indicated as "—"). The payables turnover ratio is a financial metric used to assess how efficiently a company is managing its trade payables by comparing the cost of goods sold to the average accounts payable balance.
However, without the specific figures for accounts payable and cost of goods sold, it is challenging to calculate and interpret the payables turnover ratio. A higher payables turnover ratio typically indicates that a company is more effectively managing its payables and paying its suppliers in a timely manner.
With missing data for multiple years, it is difficult to analyze the trend or make meaningful comparisons to industry benchmarks or historical performance. To evaluate the overall financial health and efficiency of Leggett & Platt Incorporated's payables management, further details or historical information would be necessary.
Peer comparison
Dec 31, 2024