Xpel Inc (XPEL)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 243,040 | 233,879 | 196,481 | 166,586 | 104,899 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $243,040K ÷ $—K
= —
Based on the data provided, Xpel Inc's payables turnover ratio is not available for the years ending December 31, 2020 to December 31, 2024. This could be due to various reasons such as no accounts payable turnover being present in the financial statements or the data for accounts payable and purchases needed to calculate the ratio not being available.
Without specific values for accounts payable and cost of goods sold, it is not possible to calculate payables turnover. The payables turnover ratio is important as it indicates how efficiently a company is managing its accounts payable by paying its suppliers. A higher payables turnover ratio typically indicates that the company is paying its suppliers more quickly, whereas a lower ratio may indicate a longer time to pay suppliers.
In the absence of the payables turnover ratio for Xpel Inc, further analysis or additional information would be needed to assess the company's payment efficiency and its impact on working capital management.