Solventum Corp. (SOLV)
Payables turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,604,500 | 3,642,000 | 3,558,000 | 3,517,000 | 3,476,000 | |||
| Payables | US$ in thousands | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,604,500K ÷ $—K
= —
To calculate the payables turnover ratio for Solventum Corp., we need the accounts payable figures for each period along with the cost of goods sold (COGS) or total purchases. The payables turnover ratio is a liquidity metric that evaluates how efficiently a company manages its accounts payable by comparing the amount owed to suppliers with the purchases made on credit.
The formula to calculate payables turnover is:
Payables Turnover = Purchases / Average Accounts Payable
However, since we do not have the specific values for accounts payable and purchases in the table provided, it is not possible to compute the payables turnover ratio directly. To analyze Solventum Corp.'s payables turnover effectively, we would need access to detailed financial statements containing the necessary data for the calculation.
Peer comparison
Mar 31, 2024