Penske Automotive Group Inc (PAG)

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	25,518,300	25,180,800	25,060,600	24,784,900	24,631,200	24,338,200	23,844,600	23,319,000	22,976,000	22,264,300	21,862,100	21,997,000	21,113,900	20,910,700	20,594,200	17,887,600	17,259,400	17,360,600	17,443,400	19,233,200
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $25,518,300K ÷ $—K
= —

The payables turnover ratio for Penske Automotive Group Inc could not be calculated as the accounts payable data for the relevant periods is not provided in the financial statement information. The payables turnover ratio is a liquidity metric that indicates how efficiently a company is managing its outstanding supplier obligations by measuring the number of times a company pays off its accounts payable during a period.

A higher payables turnover ratio typically indicates that the company is paying its suppliers more quickly, which may suggest strong liquidity management. Conversely, a lower ratio could indicate that the company is taking longer to pay its suppliers, potentially signaling liquidity challenges or strained vendor relationships.

In the absence of specific accounts payable data, further analysis is needed to assess Penske Automotive Group Inc's payables turnover performance relative to industry peers and historical trends to gain insights into the company's liquidity position and supplier payment practices.