Pitney Bowes Inc (PBI)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 900,698 | 243,371 | 2,457,550 | 2,504,500 | 2,356,500 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $900,698K ÷ $—K
= —
Based on the provided data, the payables turnover ratio for Pitney Bowes Inc is indicated as "— " across all the years mentioned, including December 31, 2020, December 31, 2021, December 31, 2022, December 31, 2023, and December 31, 2024. A payables turnover ratio, which is calculated by dividing purchases by average accounts payable, is typically used to evaluate how efficiently a company is managing its accounts payable.
The lack of specific values for the payables turnover ratio over the specified years makes it challenging to assess Pitney Bowes Inc's performance in terms of managing supplier credit and paying off its obligations. It is essential to have accurate data to analyze this metric effectively and provide deeper insights into the company's payables management practices.