NOV Inc. (NOV)
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 | 6,728,000 | 6,760,000 | 6,755,000 | 6,896,000 | 6,751,000 | 6,534,000 | 6,338,000 | 6,120,000 | 5,903,000 | 5,588,000 | 5,223,000 | 4,991,000 | 4,750,000 | 4,828,000 | 4,917,000 | 5,090,000 | 5,656,000 | 6,168,000 | 6,898,000 | 7,609,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,728,000K ÷ $—K
= —
Based on the provided data, the payables turnover ratio for NOV Inc. is not available for any of the reported periods from March 31, 2020, to December 31, 2024. The payables turnover ratio is a liquidity metric that indicates how efficiently a company manages its accounts payable by measuring the number of times a company pays off its suppliers during a specific period.
Without specific values for the payables turnover ratio, it is challenging to assess how effectively NOV Inc. is managing its payables or how quickly it is paying off its suppliers. Typically, a high payables turnover ratio indicates that a company is efficiently managing its accounts payable, while a low ratio may suggest that the company is taking longer to pay its bills.
It is important for NOV Inc. to monitor its payables turnover ratio over time to ensure that it maintains a healthy balance between managing its liquidity and maintaining positive relationships with its suppliers. Further detailed financial data would be needed to perform a more in-depth analysis of NOV Inc.'s payables turnover and its implications for the company's financial performance.
Peer comparison
Dec 31, 2024