Tootsie Roll Industries Inc (TR)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 470,037 | 512,525 | 454,239 | 371,535 | 300,702 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $470,037K ÷ $—K
= —
Based on the provided data, the payables turnover ratio for Tootsie Roll Industries Inc is not available for the years 2020, 2021, 2022, 2023, and 2024. The payables turnover ratio is typically calculated by dividing the net credit purchases by the average accounts payable. This ratio helps assess how efficiently a company is managing its trade payables.
Since the payables turnover ratio is not provided for the specified years, it is difficult to evaluate how quickly Tootsie Roll Industries Inc is paying off its suppliers or how effectively it is managing its accounts payable. Lack of this ratio may limit insights into the company's liquidity management and relationships with its suppliers.
In analyzing the company's financial performance further, it would be beneficial to have additional data or information to determine the trends and implications of the payables turnover ratio for Tootsie Roll Industries Inc.
Peer comparison
Dec 31, 2024