Standard Motor Products Inc (SMP)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,040,530 | 969,446 | 989,276 | 921,885 | 791,933 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,040,530K ÷ $—K
= —
Based on the provided data for Standard Motor Products Inc, the payables turnover ratio is not available for the period spanning from December 31, 2020, to December 31, 2024.
The payables turnover ratio is a financial metric that indicates how efficiently a company manages its accounts payable by comparing the amount of purchases made on credit to the average accounts payable balance during a specific period. Without specific values for the payables turnover ratio, it is difficult to assess Standard Motor Products Inc's ability to efficiently manage its accounts payable and its relationship with suppliers.
It is essential for companies to monitor their payables turnover ratio to ensure they are effectively utilizing credit terms and maintaining strong supplier relationships. The absence of this ratio data for Standard Motor Products Inc over the specified period limits the ability to draw conclusions regarding its payables management practices.
Peer comparison
Dec 31, 2024