NOV Inc. (NOV)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,860,000 | 6,750,000 | 5,903,000 | 4,750,000 | 5,656,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $6,860,000K ÷ $—K
= —
Based on the provided data for NOV Inc., the payables turnover ratio is not available for the years ending December 31, 2020, 2021, 2022, 2023, and 2024.
The payables turnover ratio is a financial metric that assesses how efficiently a company manages its outstanding supplier invoices. It is calculated by dividing the total purchases made on credit by the average accounts payable during a specific period.
The absence of payables turnover data for NOV Inc. in the given years makes it difficult to evaluate the company's efficiency in paying its suppliers or managing its accounts payable turnover. Without this ratio, it is challenging to determine how effectively NOV Inc. is utilizing its trade credit terms and managing its cash flow related to its payables.
For a comprehensive analysis of NOV Inc.'s payables turnover and its implications on the company's financial performance and working capital management, it is essential to acquire specific data for the calculation of this ratio in the future periods.
Peer comparison
Dec 31, 2024