Tennant Company (TNC)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 736,700 | 715,800 | 671,300 | 652,800 | 593,200 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $736,700K ÷ $—K
= —
The payables turnover ratio for Tennant Company for the years December 31, 2020, through December 31, 2024, is not available for analysis as the values are not provided in the data. Payables turnover ratio is a financial metric used to assess how efficiently a company is managing its payable obligations by indicating how many times a company pays off its average accounts payable balance in a given period. Without the specific values for this ratio over the years in question, it is not possible to evaluate Tennant Company's efficiency in managing its accounts payable turnover. Investors and analysts typically use this ratio to gauge a company's liquidity, cash flow management, and relationships with suppliers.
Peer comparison
Dec 31, 2024