Reliance Steel & Aluminum Co (RS)
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 | 9,858,600 | 9,996,700 | 10,128,700 | 10,162,400 | 10,321,500 | 10,423,900 | 10,886,100 | 11,414,300 | 11,773,700 | 12,038,100 | 11,666,200 | 10,817,000 | 9,603,000 | 8,288,100 | 7,061,300 | 6,129,300 | 6,036,800 | 6,259,900 | 6,721,600 | 7,346,900 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $9,858,600K ÷ $—K
= —
The payables turnover ratio indicates how efficiently a company is managing its accounts payable by measuring how quickly it pays off its suppliers. A higher payables turnover ratio generally signifies better liquidity and efficient use of working capital.
In the case of Reliance Steel & Aluminum Co, the data provided does not show any specific values for the payables turnover ratio for the various reporting periods from March 2020 to December 2024. This could be due to the unavailability of complete or accurate financial information. Without the actual values, it is challenging to provide a detailed analysis of the trend and performance of the payables turnover ratio for the company over time.
To assess the significance of payables turnover, one would typically calculate the ratio by dividing the total purchases or cost of goods sold by the average accounts payable for the period. A higher ratio indicates that the company is paying off its suppliers more quickly, while a lower ratio suggests slower payment cycles.
Given the lack of specific data points, it is not possible to evaluate how effectively Reliance Steel & Aluminum Co is managing its payables turnover, monitoring changes in payment practices, or comparing its performance to industry benchmarks. In the absence of actual values, a detailed analysis of the payables turnover ratio for the company remains elusive.