Werner Enterprises Inc (WERN)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,243,540 | 2,258,180 | 1,825,390 | 1,348,850 | 1,437,060 |
| Payables | US$ in thousands | 135,990 | 124,483 | 93,987 | 83,263 | 94,634 |
| Payables turnover | 16.50 | 18.14 | 19.42 | 16.20 | 15.19 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,243,540K ÷ $135,990K
= 16.50
Based on the data provided for Werner Enterprises, Inc., the payables turnover ratio for the last five years has been consistently reported as 0.00. A payables turnover ratio of 0.00 indicates that the company is not effectively utilizing its accounts payable to fund its operations or is not effectively managing its payables.
This could imply that Werner Enterprises is either not paying its suppliers promptly or is not taking advantage of credit terms offered by its suppliers. In either scenario, it may be a sign of inefficiency in managing working capital and supplier relationships.
Further analysis and context are recommended to understand the reasons behind the consistently low payables turnover ratio and to assess the impact on the company's liquidity, financial health, and overall operations.
Peer comparison
Dec 31, 2023