Whirlpool Corporation (WHR)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 16,503,000 | 18,655,000 | 19,351,000 | 20,189,000 | 18,346,000 |
| Payables | US$ in thousands | 3,530,000 | 3,598,000 | 3,376,000 | 5,413,000 | 4,834,000 |
| Payables turnover | 4.68 | 5.18 | 5.73 | 3.73 | 3.80 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $16,503,000K ÷ $3,530,000K
= 4.68
Whirlpool Corporation's payables turnover ratio has shown fluctuations over the past five years. In December 2020, the payables turnover ratio was 3.80, indicating that the company was able to convert its accounts payable into cash 3.80 times during the year.
However, in December 2021, the payables turnover ratio decreased slightly to 3.73, suggesting a slightly longer period to pay off suppliers. In December 2022, there was a significant improvement in the payables turnover ratio to 5.73, indicating that the company was more efficient in paying off its suppliers.
By December 2023, the payables turnover ratio decreased to 5.18, showing a slight decline from the previous year. In December 2024, the ratio dropped further to 4.68, indicating that the company took longer to pay its suppliers compared to the previous year.
Overall, Whirlpool Corporation's payables turnover ratio has shown some variability over the years, with fluctuations that may be influenced by changes in the company's payment practices or supplier relationships.
Peer comparison
Dec 31, 2024