NewMarket Corporation (NEU)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,900,210 | 1,925,910 | 2,124,300 | 1,808,400 | 1,415,900 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,900,210K ÷ $—K
= —
Based on the provided data, NewMarket Corporation's payables turnover ratio for the years 2020 to 2024 is not available (indicated as "—"). A payables turnover ratio is a financial metric that measures how efficiently a company pays its suppliers or vendors. The ratio is calculated by dividing the total purchases of goods or services by the average accounts payable during a specific period.
The absence of data for the payables turnover ratio across these years makes it challenging to provide an in-depth analysis of NewMarket Corporation's payment efficiency to its suppliers. Without this ratio, it is difficult to assess the company's ability to manage its payables and the speed at which it settles its outstanding obligations.
Monitoring the payables turnover ratio over time can provide insight into changes in the company's liquidity, operational efficiency, and vendor management practices. It would be beneficial for stakeholders to obtain this information to evaluate NewMarket Corporation's financial performance and working capital management.
Peer comparison
Dec 31, 2024