nVent Electric PLC (NVT)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,797,000 | 1,921,500 | 1,812,300 | 1,520,100 | 1,249,200 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,797,000K ÷ $—K
= —
Based on the provided data, the payables turnover ratio for nVent Electric PLC is not available for the years December 31, 2020, 2021, 2022, 2023, and 2024. This ratio is typically used to evaluate how efficiently a company is managing its trade payables by measuring the number of times a company pays off its average accounts payable balance during a certain period. Without the specific figures for accounts payable and cost of goods sold, it is not possible to calculate or analyze the payables turnover ratio for nVent Electric PLC for the given years. It is recommended to refer to the company's detailed financial statements for a more thorough analysis of its payables turnover performance.
Peer comparison
Dec 31, 2024