Timken Company (TKR)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,132,300 | 3,318,100 | 3,208,600 | 3,030,400 | 2,503,300 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,132,300K ÷ $—K
= —
Based on the data provided, it appears that Timken Company's payables turnover ratio is not available for the years December 31, 2020 to December 31, 2024. Payables turnover ratio is a financial metric used to evaluate how efficiently a company is managing its accounts payable by measuring the number of times a company pays off its average accounts payable balance in a given period.
The lack of specific data for Timken Company's payables turnover ratio for the mentioned years does not provide us with insights into their ability to efficiently manage their accounts payable. A higher payables turnover ratio generally indicates that a company is paying off its suppliers more frequently, which may suggest good liquidity management. Conversely, a lower ratio could indicate that the company is taking longer to pay its suppliers, which may raise concerns about their cash flow management or vendor relationships.
Without the payables turnover ratio data, it is difficult to assess the efficiency of Timken Company's accounts payable management during the specified period. Investors and analysts typically look at this ratio in conjunction with other financial metrics to gain a more comprehensive understanding of a company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024