Patrick Industries Inc (PATK)

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	2,926,889	2,889,879	2,849,903	2,751,012	2,705,413	2,834,404	3,061,857	3,499,730	3,840,704	4,010,282	3,967,891	3,634,777	3,276,898	2,986,738	2,701,932	2,236,780	2,027,580	1,847,418	1,742,059	1,892,292
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,926,889K ÷ $—K
= —

Based on the provided data, Patrick Industries Inc's payables turnover ratio is not available for the periods from March 31, 2020, to December 31, 2024. The absence of payables turnover figures indicates that it is challenging to evaluate the efficiency with which the company is managing its accounts payable during these periods.

The payables turnover ratio is a key financial metric that helps assess how effectively a company is managing its payments to suppliers. A high payables turnover ratio suggests that the company is settling its dues quickly, which can indicate strong liquidity management. On the other hand, a low ratio may imply that the company is taking longer to pay its suppliers, which can strain relationships or indicate potential cash flow issues.

Without specific data on Patrick Industries Inc's payables turnover, it is difficult to draw conclusions about the company's liquidity management efficiency and relationships with suppliers. To gain a more comprehensive understanding of the company's financial health and operational efficiency, it may be necessary to obtain additional data or conduct a more detailed analysis of other financial ratios and performance indicators.