Phillips 66 (PSX)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 132,325,000 | 136,246,000 | 151,561,000 | 103,707,000 | 59,102,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $132,325,000K ÷ $—K
= —
The payables turnover ratio for Phillips 66 is not provided for the years 2020 to 2024. This ratio helps assess how efficiently a company is managing its accounts payable by measuring how many times during a period the company pays off its average accounts payable balance. Without this information, it is challenging to evaluate the company's ability to manage its payables effectively and efficiently. Understanding the payables turnover ratio would have provided valuable insights into Phillips 66's working capital management and liquidity.
Peer comparison
Dec 31, 2024
Company name
Symbol
Payables turnover
Phillips 66
PSX
—
Chevron Corp
CVX
—
ConocoPhillips
COP
—
CVR Energy Inc
CVI
13.76
Exxon Mobil Corp
XOM
0.23
Hess Corporation
HES
—
Marathon Petroleum Corp
MPC
—
PBF Energy Inc
PBF
45.52
Valero Energy Corporation
VLO
—