Titan International Inc (TWI)

Payables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,588,140	1,515,950	1,808,670	1,542,670	1,144,990
Payables	US$ in thousands	—	—	—	—	—
Payables turnover		—	—	—	—	—

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $1,588,140K ÷ $—K
= —

The data provided shows that the payables turnover ratio for Titan International Inc is not available for the years ending December 31, 2020, to December 31, 2024. The payables turnover ratio is a measure of how efficiently a company manages its trade payables. Without this specific ratio data, it is difficult to assess Titan International Inc's ability to pay its suppliers in a timely manner and manage its working capital effectively.

It is important to note that a higher payables turnover ratio generally indicates that a company is efficiently managing its payables by paying suppliers promptly, which can be beneficial for maintaining good relationships and potentially taking advantage of discounts. On the other hand, a very low payables turnover ratio may suggest that a company is not effectively utilizing its trade credit terms, potentially leading to cash flow issues or strained supplier relationships.

In the absence of the specific payables turnover figures provided for Titan International Inc, further analysis of the company's financial statements and industry benchmarks would be required to gain more insights into its payables management practices and overall financial performance.