Reliance Steel & Aluminum Co (RS)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,728,400 | 10,504,000 | 11,773,700 | 9,603,000 | 6,036,800 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $9,728,400K ÷ $—K
= —
Based on the data provided, it appears that the payables turnover ratio for Reliance Steel & Aluminum Co is consistently indicated as "—", which suggests that specific figures for this ratio are not available for the years from December 31, 2020, to December 31, 2024. The payables turnover ratio is a financial metric that provides insights into how efficiently a company manages its accounts payable by measuring how quickly it pays off its suppliers.
Without the specific values for the payables turnover ratio, it is challenging to conduct a detailed analysis of Reliance Steel & Aluminum Co's efficiency in paying its suppliers relative to the cost of goods sold. Therefore, it is recommended to gather the actual data for the payables turnover ratio in order to gain a better understanding of the company's payment practices and financial performance in terms of managing its payables.