MGP Ingredients Inc (MGPI)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 417,308 | 531,811 | 529,052 | 427,755 | 296,715 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $417,308K ÷ $—K
= —
Based on the provided data, it appears that the payables turnover ratio for MGP Ingredients Inc is not available for the years spanning from December 31, 2020, to December 31, 2024. The absence of specific figures for this ratio makes it challenging to assess the company's efficiency in managing its accounts payable during this period. Ideally, a higher payables turnover ratio would indicate that the company is paying its suppliers more quickly, which could imply good liquidity management. On the other hand, a lower ratio might suggest that the company is taking longer to pay its bills, which could strain relationships with suppliers. Without the actual figures, it is difficult to provide a thorough analysis of MGP Ingredients Inc's payables turnover performance during these years.