NV5 Global Inc (NVEE)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 458,032 | 431,377 | 400,804 | 347,392 | 324,758 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $458,032K ÷ $—K
= —
The payables turnover ratio for NV5 Global Inc has been consistent at a value of "\u2014" for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company is not managing its accounts payable effectively in relation to its cost of goods sold or total purchases during these years. Further analysis would be required to understand the reasons behind the stagnation of this ratio and its implications for the company's working capital management and vendor relationships.
Peer comparison
Dec 31, 2024
Company name
Symbol
Payables turnover
NV5 Global Inc
NVEE
—
Johnson Controls International PLC
JCI
6.42