NewMarket Corporation (NEU)
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 | 1,900,212 | 1,919,475 | 1,903,813 | 1,901,532 | 1,925,906 | 1,962,690 | 2,044,987 | 2,121,658 | 2,124,302 | 2,091,127 | 2,027,371 | 1,910,930 | 1,808,403 | 1,715,571 | 1,577,847 | 1,442,251 | 1,415,899 | 1,429,903 | 1,476,731 | 1,555,189 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,900,212K ÷ $—K
= —
The payables turnover ratio for NewMarket Corporation from March 31, 2020, to December 31, 2024, is not available as indicated by '—'. The payables turnover ratio is a financial metric that measures the efficiency with which a company is managing its accounts payable. A higher turnover ratio generally signifies that the company is paying off its suppliers more quickly, which could indicate strong liquidity and effective working capital management. On the other hand, a lower turnover ratio may suggest that the company is taking longer to pay its creditors, potentially signaling liquidity issues. Without the specific data points, it is not possible to provide a detailed analysis of how NewMarket Corporation's payables turnover ratio has evolved over time.
Peer comparison
Dec 31, 2024