Noble Corporation plc (NE)

Payables turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 2,313,340 1,845,270 1,108,400 855,133 989,804
Payables US$ in thousands 397,622 395,165 290,690 120,389 95,159
Payables turnover 5.82 4.67 3.81 7.10 10.40

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $2,313,340K ÷ $397,622K
= 5.82


Peer comparison

Dec 31, 2024

Company name
Symbol
Payables turnover
Noble Corporation plc
NE
5.82
Helmerich and Payne Inc
HP
14.65