NeoGenomics Inc (NEO)
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 | 377,370 | 370,591 | 367,290 | 358,856 | 347,039 | 340,955 | 331,201 | 325,301 | 321,832 | 320,427 | 314,639 | 302,247 | 297,269 | 285,338 | 282,616 | 272,853 | 258,555 | 246,956 | 229,417 | 223,193 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $377,370K ÷ $—K
= —
The provided data for NeoGenomics Inc's payables turnover from March 31, 2020, to December 31, 2024, shows that the payables turnover ratio is unavailable ("-") for all the reported periods. The payables turnover ratio is a financial metric used to assess how efficiently a company is managing its accounts payable by measuring the number of times a company pays off its suppliers during a specific period.
Since the payables turnover ratio is not provided in the dataset, it is not possible to analyze how quickly NeoGenomics Inc is paying its suppliers or how effectively it is managing its trade credit obligations. The absence of this key ratio makes it challenging to evaluate the company's liquidity management and relationship with its suppliers solely based on this information.
In financial analysis, the payables turnover ratio is typically expected to be higher for companies that can negotiate longer payment terms with their suppliers, allowing them to hold onto cash longer and potentially improve cash flow management. Conversely, a low payables turnover ratio may indicate issues with cash flow, liquidity, or supplier relationships.
Without the specific payables turnover values for NeoGenomics Inc, further insights into the company's ability to manage its accounts payable efficiently and its cash conversion cycle cannot be drawn from the provided data. Additional financial metrics and comparative data would be necessary to perform a comprehensive analysis of the company's payables turnover and its implications for operational and financial performance.