SPX Corp (SPXC)
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 | 1,216,100 | 1,182,000 | 1,176,000 | 1,118,400 | 1,071,200 | 1,056,800 | 1,014,100 | 990,900 | 944,100 | 897,700 | 852,100 | 810,300 | 880,500 | 973,500 | 1,036,800 | 1,101,300 | 1,083,200 | 1,070,600 | 1,074,100 | 1,079,100 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,216,100K ÷ $—K
= —
Based on the provided data, SPX Corp's payables turnover ratio is not available for all the periods up to December 31, 2024, as indicated by the absence of specific values in the JSON dataset. The payables turnover ratio is a financial metric that measures how efficiently a company is managing its accounts payable by comparing the total purchases made on credit to the average accounts payable balance during a specific period.
A high payables turnover ratio generally indicates that the company is paying its suppliers quickly and efficiently, which could imply strong liquidity and effective working capital management. On the other hand, a low payables turnover ratio may suggest that the company is taking longer to pay its suppliers, potentially signaling liquidity troubles or strained supplier relationships.
Without the specific values of the payables turnover ratio for SPX Corp, it is not possible to assess the efficiency of the company's payables management over time. To gain a deeper understanding of SPX Corp's financial performance, it is important to monitor the trend of the payables turnover ratio and compare it with industry standards or competitors to evaluate the effectiveness of the company's accounts payable management practices.
Peer comparison
Dec 31, 2024