Weatherford International PLC (WFRD)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 235,000 | 463,000 | 313,000 | 320,000 | 1,906,000 |
| Payables | US$ in thousands | 792,000 | 679,000 | 460,000 | 380,000 | 325,000 |
| Payables turnover | 0.30 | 0.68 | 0.68 | 0.84 | 5.86 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $235,000K ÷ $792,000K
= 0.30
The payables turnover ratio of Weatherford International PLC has shown a significant decrease over the years, from 5.86 in December 31, 2020, to 0.30 in December 31, 2024. This indicates that the company is taking a longer time to pay its suppliers and manage its payables efficiently. A declining payables turnover ratio may suggest potential liquidity issues or strained relationships with suppliers. It is important for Weatherford International PLC to closely monitor and manage its payables turnover to ensure smooth operations and maintain healthy vendor relationships.
Peer comparison
Dec 31, 2024
Company name
Symbol
Payables turnover
Weatherford International PLC
WFRD
0.30
Baker Hughes Co
BKR
0.68
Cactus Inc
WHD
2.24
Dril-Quip Inc
DRQ
4.70
NOV Inc.
NOV
7.47
Now Inc
DNOW
6.27