Ovintiv Inc (OVV)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,169,000 | 5,696,000 | 5,168,000 | 4,434,000 | 3,373,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,169,000K ÷ $—K
= —
Based on the given data, it appears that the payables turnover ratio for Ovintiv Inc is not provided for the years from December 31, 2020, to December 31, 2024. This lack of data may suggest that the company's management did not disclose or calculate the payables turnover ratio for these periods.
The payables turnover ratio is a measure of how efficiently a company is managing its accounts payable by comparing the amount of purchases made on credit to the average accounts payable during a specific period.
Without the specific payables turnover figures, it is challenging to assess Ovintiv Inc's efficiency in managing its payables and its relationship with suppliers over the mentioned years. The absence of this data makes it difficult to draw conclusions regarding the company's payment practices and liquidity management based on this ratio. Investors and analysts may need further information or alternative financial metrics to evaluate Ovintiv Inc's performance in terms of managing its accounts payable during the indicated period.
Peer comparison
Dec 31, 2024