Valmont Industries Inc (VMI)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,564,660 | 4,038,950 | 3,219,030 | 3,280,660 | 2,696,300 |
| Payables | US$ in thousands | 372,197 | 358,311 | 360,312 | 347,841 | 268,099 |
| Payables turnover | 9.58 | 11.27 | 8.93 | 9.43 | 10.06 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,564,660K ÷ $372,197K
= 9.58
The payables turnover ratio for Valmont Industries Inc has exhibited fluctuations over the five-year period from December 31, 2020, to December 31, 2024. The ratio decreased from 10.06 in 2020 to 9.43 in 2021, and further declined to 8.93 in 2022. However, there was a notable improvement in 2023 as the ratio increased to 11.27, indicating a more efficient management of payables. In the latest year, December 31, 2024, the payables turnover ratio decreased to 9.58. Overall, fluctuations in the payables turnover ratio suggest changes in the company's ability to manage its trade payables efficiently over the years, with the need for closer monitoring to ensure optimal working capital management.
Peer comparison
Dec 31, 2024