Tootsie Roll Industries Inc (TR)
Number of days of payables
| 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 | ||
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| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the data provided for Tootsie Roll Industries Inc, the number of days of payables is not specified for any of the periods mentioned from March 31, 2020, to December 31, 2024. This lack of information prevents a detailed analysis of the company's payables turnover ratio or the efficiency of managing its accounts payable.
The number of days of payables is a key financial metric that provides insight into how long a company takes to pay its suppliers after receiving goods or services. It is calculated as (Accounts Payable / Cost of Goods Sold) * 365, where Accounts Payable represents the average amount of money a company owes its suppliers, and Cost of Goods Sold denotes the direct costs associated with producing goods or services.
Without the actual figures for the number of days of payables, it is challenging to evaluate the company's liquidity and operational efficiency related to managing its working capital and supplier relationships. Investors and analysts typically use this metric to assess a company's payment practices and potential financial risks associated with its payables.
Therefore, the absence of specific data on the number of days of payables for Tootsie Roll Industries Inc limits the ability to conduct a comprehensive analysis and draw conclusions about the company's financial health and efficiency in managing payables.
Peer comparison
Dec 31, 2024