Verisk Analytics Inc (VRSK)
Payables turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Cost of revenue | US$ in thousands | 876,500 | 824,600 | 853,700 | 791,700 | 976,800 |
Payables | US$ in thousands | — | — | — | — | — |
Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $876,500K ÷ $—K
= —
To calculate Verisk Analytics Inc's payables turnover for the years 2019 to 2023, we need information on the cost of goods sold and accounts payable. Payables turnover is a financial ratio that measures a company's efficiency in paying its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently.
Payables turnover can be calculated using the formula:
Payables Turnover = Cost of Goods Sold / Average Accounts Payable
Without the specific data on the cost of goods sold and accounts payable for the years in question, it is not possible to compute the payables turnover ratio for Verisk Analytics Inc. This ratio is essential in understanding how efficiently the company manages its accounts payable and its working capital. It helps assess the company's liquidity and relationships with suppliers.
Peer comparison
Dec 31, 2023