Solventum Corp. (SOLV)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,681,000 | 3,435,000 | 3,248,000 | 2,966,000 |
| Payables | US$ in thousands | — | — | — | — |
| Payables turnover | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,681,000K ÷ $—K
= —
To calculate Solventum Corp.'s payables turnover for the years 2021, 2022, and 2023, we need to have the accounts payable and cost of goods sold figures for each year. Payables turnover measures how efficiently a company is managing its payments to suppliers. A higher turnover ratio indicates that the company is paying its suppliers more frequently and efficiently.
Without the specific data for Solventum Corp.'s accounts payable and cost of goods sold, we cannot calculate the payables turnover for the given years. We recommend obtaining this financial information to perform a thorough analysis of Solventum Corp.'s payables turnover and evaluate its payment efficiency.
Peer comparison
Dec 31, 2023