Louisiana-Pacific Corporation (LPX)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,988,000 | 2,356,000 | 1,952,000 | 1,566,000 | 2,007,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,988,000K ÷ $—K
= —
The payables turnover ratio for Louisiana-Pacific Corp. has fluctuated over the past five years. The ratio was 14.10 in 2023, compared to 13.23 in 2022, 12.99 in 2021, 15.36 in 2020, and 15.80 in 2019.
A higher payables turnover ratio indicates that the company is paying its suppliers more frequently within a given period, which can be a sign of efficient management of trade payables. Conversely, a lower ratio may suggest that the company is taking longer to pay its obligations, potentially straining relationships with suppliers.
Overall, the trend of payables turnover for Louisiana-Pacific Corp. shows variability but generally indicates efficient management of payable obligations over the years. It is essential for the company to continue monitoring and managing its payables effectively to maintain healthy supplier relationships and financial stability.
Peer comparison
Dec 31, 2023