Penske Automotive Group Inc (PAG)

Payables turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 25,441,900 24,593,600 22,976,000 21,113,900 17,259,400
Payables US$ in thousands — — — — —
Payables turnover — — — — —

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $25,441,900K ÷ $—K
= —

Penske Automotive Group Inc's payables turnover ratio for the years 2020, 2021, 2022, 2023, and 2024 is not provided in the data available. This ratio indicates a company's efficiency in managing its accounts payable by measuring how quickly it pays its suppliers. Without this information, it is challenging to assess the company's liquidity and relationship with its suppliers. In order to have a more comprehensive understanding of Penske Automotive Group Inc's financial performance, additional data on payables turnover would be necessary.