Minerals Technologies Inc (MTX)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,570,800 | 1,673,500 | 1,660,500 | 1,411,800 | 1,189,400 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,570,800K ÷ $—K
= —
Based on the provided data, it appears that there is no specific information available for Minerals Technologies Inc payables turnover for the years ending December 31, 2020, 2021, 2022, 2023, and 2024. As there are placeholders indicating "—", it suggests that the data for payables turnover ratios for these years may not be disclosed or may not be relevant for analysis.
Without the specific figures for payables turnover, it is not possible to assess how efficiently Minerals Technologies Inc is managing its accounts payable in relation to its purchases. Payables turnover ratio measures how many times a company pays off its average accounts payable balance during a particular period. A higher ratio generally indicates that the company is more efficient in managing its payables.
In the absence of concrete data, further analysis or comparison with industry benchmarks or historical data is not feasible. It would be advantageous to acquire the actual payables turnover figures to evaluate the company's liquidity management and supplier relationships comprehensively.
Peer comparison
Dec 31, 2024