MGP Ingredients Inc (MGPI)
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 | 417,308 | 440,730 | 483,260 | 508,393 | 531,811 | 529,850 | 533,772 | 536,824 | 529,052 | 515,364 | 492,791 | 475,145 | 427,755 | 382,845 | 343,122 | 296,868 | 296,715 | 298,434 | 290,527 | 289,648 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $417,308K ÷ $—K
= —
The payables turnover ratio is a financial metric that provides insight into how efficiently a company manages its accounts payable. Unfortunately, no specific data is available for MGP Ingredients Inc's payables turnover from March 2020 to December 2024 in the provided JSON.
The payables turnover ratio is typically calculated by dividing the total purchases made during a period by the average accounts payable for the same period. A higher turnover ratio indicates that the company is paying off its suppliers more frequently, which can be a positive sign of strong supplier relationships and effective working capital management.
Without the specific data points for MGP Ingredients Inc's payables turnover, it is challenging to evaluate how well the company is managing its payables and whether there have been any noticeable trends in this aspect of the business over the given time frame. A lack of data prevents a detailed analysis of the company's performance in terms of payables turnover during the specified period.