Vulcan Materials Company (VMC)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	5,833,400	5,757,500	4,178,800	3,575,300	3,673,200
Payables	US$ in thousands	—	—	—	—	—
Payables turnover		—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $5,833,400K ÷ $—K
= —

Payables turnover is a financial ratio that indicates how efficiently a company is managing its trade payables. It is calculated by dividing the net credit purchases by the average accounts payable for a specific period. A higher payables turnover ratio generally suggests that the company is paying its suppliers more quickly.

Based on the provided data for Vulcan Materials Co, the payables turnover ratio for the years 2019 to 2023 is not available. Without this information, it is challenging to assess how effectively the company is managing its trade payables over these years. Analyzing the trend in payables turnover over time could provide valuable insights into the company's relationship with its suppliers and its liquidity management strategies.

To gain a better understanding of Vulcan Materials Co's payables turnover performance, it would be essential to calculate the ratio using the company's net credit purchases and average accounts payable figures for the respective years. Additionally, comparing the calculated ratios to industry benchmarks and historical trends could help in evaluating the efficiency of Vulcan Materials Co in managing its payables and maintaining favorable relationships with its suppliers.