Cactus Inc (WHD)

Payables turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cost of revenue (ttm) US$ in thousands 701,421 702,158 646,557 615,307 591,276 537,968 531,905 493,922 445,921 420,607 385,840 354,801 317,141 276,489 232,890 200,818 236,948 278,021 339,509 395,177
Payables US$ in thousands — — — — — — — — — — — — — — — — — — — —
Payables turnover — — — — — — — — — — — — — — — — — — — —

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $701,421K ÷ $—K
= —

The payables turnover ratio for Cactus Inc is currently unavailable as the data for accounts payable turnover for all reporting periods up to December 31, 2024, is not provided in the financial statements. Payables turnover ratio is a financial metric that is calculated by dividing the total purchases made on credit by the average accounts payable during a specific period.

Without the actual figures for accounts payable and purchases on credit, it is not possible to calculate the payables turnover ratio. This ratio is important as it indicates how efficiently a company is managing its accounts payable. A higher payables turnover ratio signifies a shorter period for paying off suppliers, which can indicate good liquidity and strong supplier relationships. On the other hand, a lower ratio may suggest inefficiencies in managing payables or potential cash flow issues.

In the absence of specific data points for the payables turnover ratio, further analysis or comparisons with industry benchmarks cannot be conducted to evaluate Cactus Inc's performance in managing its accounts payable effectively.