Owens Corning Inc (OC)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,851,000 | 7,217,000 | 7,389,000 | 6,459,000 | 6,528,000 |
| Payables | US$ in thousands | 1,430,000 | 1,216,000 | 1,345,000 | 1,095,000 | 875,000 |
| Payables turnover | 6.19 | 5.94 | 5.49 | 5.90 | 7.46 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $8,851,000K ÷ $1,430,000K
= 6.19
Owens Corning Inc's payables turnover has shown a downward trend from 2020 to 2022, with the ratio decreasing from 7.46 to 5.49. This suggests that the company took longer to pay its suppliers during this period. However, in 2023 and 2024, there was a slight improvement in the payables turnover ratio, indicating a shorter payment cycle. Overall, the company's ability to manage its payables has fluctuated over the years but seems to have stabilized and improved in the most recent years.