nVent Electric PLC (NVT)
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 | 1,954,700 | 2,009,400 | 2,044,100 | 2,003,200 | 1,921,500 | 1,864,100 | 1,813,700 | 1,802,300 | 1,812,300 | 1,784,100 | 1,721,200 | 1,627,600 | 1,520,100 | 1,422,500 | 1,342,700 | 1,263,500 | 1,249,200 | 1,272,100 | 1,295,300 | 1,335,700 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,954,700K ÷ $—K
= —
The payables turnover ratio for nVent Electric PLC is not available for all the periods provided in the data (from March 31, 2020, to December 31, 2024). The lack of specific data on payables turnover indicates that it may not be possible to calculate this ratio accurately.
The payables turnover ratio is typically calculated by dividing the cost of goods sold by the average accounts payable over a specific period. This ratio is used to evaluate how efficiently a company is managing its trade credit and paying its suppliers.
Without the specific figures for cost of goods sold and accounts payable, it is challenging to assess nVent Electric PLC's payables turnover and draw meaningful conclusions about its payment practices and liquidity management.
It is important for investors and analysts to have access to a company's financial data, including accounts payable and cost of goods sold figures, to accurately calculate and analyze key financial ratios such as payables turnover.
Peer comparison
Dec 31, 2024