Trimble Inc (TRMB)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,190,100 | 1,569,500 | 1,570,700 | 1,624,400 | 1,392,800 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,190,100K ÷ $—K
= —
Based on the provided data, it appears that the payables turnover ratio for Trimble Inc is not available for the years ending on December 31, 2020, 2021, 2022, 2023, and 2024. As a result, it is not possible to analyze the efficiency of Trimble Inc in managing its accounts payable during these periods.
It is important to note that the payables turnover ratio is a key financial metric that indicates how effectively a company is managing its trade payables by comparing the amount of purchases made on credit to the average accounts payable balance. Without this information, it is challenging to assess Trimble Inc's ability to maintain favorable vendor relationships, negotiate payment terms, or control its working capital effectively. Further financial data or additional insights would be required to conduct a more in-depth analysis of the company's payables turnover performance.
Peer comparison
Dec 31, 2024