Texas Pacific Land Trust (TPL)
Payables turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|
Cost of revenue | US$ in thousands | 92,278 | 72,215 | 65,027 | 56,157 |
Payables | US$ in thousands | — | — | — | — |
Payables turnover | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $92,278K ÷ $—K
= —
To calculate the payables turnover for Texas Pacific Land Trust, we need to use the formula:
Payables Turnover = Cost of Goods Sold / Average Accounts Payable
Given the lack of specific values for Cost of Goods Sold and Accounts Payable in the provided data, we are unable to compute the payables turnover ratio for Texas Pacific Land Trust for the years ending December 31, 2020, 2021, 2022, and 2023.
Without this essential information, we cannot provide a detailed analysis of how efficiently Texas Pacific Land Trust is managing its accounts payable obligations over these periods. A higher payables turnover ratio typically indicates that a company is paying its suppliers more frequently, which can be beneficial for managing cash flow. However, a lower ratio may suggest that the company is taking longer to pay its outstanding bills.
To gain a better understanding of Texas Pacific Land Trust's payables turnover performance, we would require access to the specific financial figures for Cost of Goods Sold and Accounts Payable for each respective year.