TXNM Energy, Inc. (TXNM)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 677,732 | 893,871 | 1,135,290 | 788,784 | 585,218 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $677,732K ÷ $—K
= —
The payables turnover ratio for TXNM Energy, Inc. is not available for the years ending December 31, 2020 to December 31, 2024. This may indicate that the company's accounts payable turnover performance is not disclosed or calculated based on the provided data. A payables turnover ratio measures how efficiently a company pays its suppliers or vendors, and a higher ratio typically indicates a more efficient use of working capital. Without the exact figures, we are unable to assess the company's payables turnover trend or efficiency in managing its accounts payable during the specified period. Additional information or data would be required to further analyze this aspect of TXNM Energy, Inc.'s financial performance.
Peer comparison
Dec 31, 2024