LKQ Corporation (LKQ)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,906,000 | 8,976,000 | 8,963,000 | 8,646,000 | 8,291,000 | 7,967,000 | 7,617,000 | 7,557,000 | 7,571,000 | 7,709,370 | 7,834,590 | 7,879,990 | 7,766,060 | 7,633,730 | 7,529,650 | 7,125,570 | 7,035,560 | 7,065,370 | 7,163,670 | 7,549,340 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,906,000K ÷ $—K
= —
The payables turnover ratio for LKQ Corporation has been constant and equal to zero for the periods reported from March 31, 2020, to December 31, 2024. This implies that LKQ Corporation is not effectively utilizing its accounts payables to finance its operations or take advantage of favorable credit terms. A low payables turnover ratio could indicate inefficiencies in managing payables, potential liquidity concerns, or that the company is not leveraging its supplier relationships to optimize cash flow. Further analysis of the company's payables management strategies and operational efficiency may be necessary to assess the implications of this consistent zero payables turnover ratio.