PACCAR Inc (PCAR)

Payables turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	969,000	933,400	902,600	878,000	834,400	839,900	846,800	878,900	947,000	992,300	1,048,800	1,060,300	1,099,800	1,113,400	1,118,500	1,137,000	1,105,300	1,108,500	1,089,100	1,096,100
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $969,000K ÷ $—K
= —

The payables turnover ratio for Paccar Inc. in Q4 2023 was 16.15, signifying that the company paid its suppliers approximately 16.15 times during that quarter. Unfortunately, without data for the other quarters of 2023 and previous years, it is challenging to provide a trend analysis or make comparisons over time. However, the Q4 2023 ratio of 16.15 suggests efficient management of accounts payables by Paccar Inc., as a higher turnover ratio typically indicates that the company is paying its suppliers in a timely manner.