Targa Resources Inc (TRGP)

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	12,995,700	13,204,000	13,203,900	12,768,200	12,275,500	12,420,200	13,992,400	16,908,600	17,978,000	19,113,300	18,357,300	15,961,000	14,600,300	11,787,000	9,456,400	7,600,600	5,975,500	5,954,900	6,020,400	6,554,100
Payables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $12,995,700K ÷ $—K
= —

The payables turnover ratio for Targa Resources Inc is currently unavailable based on the provided data. The lack of specific figures for payables turnover as of the various reporting dates prevents a detailed assessment of the company's efficiency in managing its accounts payable.

The payables turnover ratio is a key financial metric used to evaluate how effectively a company is managing its trade credit obligations by measuring the number of times a company pays off its average accounts payable balance during a certain period. A higher payables turnover ratio indicates that the company is paying its suppliers quickly, which may suggest good liquidity management or strong supplier relationships.

Without the actual payables turnover values for Targa Resources Inc, it is challenging to draw conclusions regarding the efficiency of its payables management. It is important for investors and analysts to have access to this information to better understand the company's financial health and operational efficiency.