LyondellBasell Industries NV (LYB)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 35,738,000 | 35,849,000 | 43,847,000 | 37,397,000 | 24,359,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $35,738,000K ÷ $—K
= —
The payables turnover ratio for LyondellBasell Industries NV is not available for the years 2020 to 2024 based on the provided data. The payables turnover ratio is a measure of how quickly a company pays its suppliers. It is calculated by dividing the total purchases by the average accounts payable for a specific period.
Without the data for payables turnover, it is challenging to analyze the effectiveness of the company in managing its accounts payable and its relationship with suppliers. Companies with a high payables turnover ratio usually have a good working capital management strategy, while a low ratio may indicate inefficiencies in payables management or potential liquidity issues.
In the absence of specific values, it is recommended for LyondellBasell Industries NV to monitor its payables turnover ratio over time to assess its payment practices and supplier relationships for better financial management and strategic decision-making.
Peer comparison
Dec 31, 2024