Tootsie Roll Industries Inc (TR)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 468,950 | 481,187 | 498,001 | 506,801 | 516,850 | 510,940 | 486,892 | 474,297 | 454,239 | 440,719 | 417,866 | 398,254 | 371,535 | 344,932 | 325,554 | 299,967 | 300,702 | 302,391 | 316,099 | 331,731 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $468,950K ÷ $—K
= —
The payables turnover ratio for Tootsie Roll Industries Inc is not available for any of the reported periods from March 31, 2020, to December 31, 2024. This ratio is typically calculated by dividing the total purchases made on credit by the average accounts payable for a specific period.
The payables turnover ratio is important as it indicates how quickly a company is paying off its suppliers or vendors. A higher turnover ratio suggests that the company is efficiently managing its accounts payable and paying its suppliers promptly. Conversely, a low turnover ratio may indicate that the company is taking longer to pay its bills, which could potentially strain supplier relationships.
Given the absence of data for the payables turnover ratio for Tootsie Roll Industries Inc, it is not possible to assess how effectively the company is managing its accounts payable over the specified period.
Peer comparison
Dec 31, 2024