Targa Resources Inc (TRGP)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 12,126,000 | 12,006,000 | 17,978,100 | 14,600,100 | 5,970,200 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $12,126,000K ÷ $—K
= —
Based on the provided data, the payables turnover ratio for Targa Resources Inc has not been provided for the years ending December 31, 2020 through December 31, 2024. This lack of information makes it challenging to assess how efficiently the company is managing its accounts payable during these periods. The payables turnover ratio is a key metric that helps evaluate how quickly a company pays off its suppliers and vendors.
Without the specific payables turnover ratios, it is not possible to analyze the trend or compare it with industry standards. It is essential for stakeholders to have access to this information to gauge the company's liquidity, efficiency in managing working capital, and relationships with suppliers. The absence of this data might limit the ability to evaluate Targa Resources Inc's financial performance from a specific angle related to its payables management.
Peer comparison
Dec 31, 2024