Xpel Inc (XPEL)
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 | 243,040 | 243,822 | 240,034 | 236,225 | 233,879 | 216,708 | 209,552 | 202,216 | 196,481 | 194,489 | 184,571 | 177,153 | 166,586 | 153,791 | 139,810 | 120,388 | 104,900 | 99,290 | 92,542 | 87,943 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $243,040K ÷ $—K
= —
The payables turnover ratio for Xpel Inc has been consistently reported as not available (N/A) from March 31, 2020, to December 31, 2024. This could be due to incomplete or missing data related to payables and purchases during these periods. It is essential to have accurate information on payables and purchases to calculate the payables turnover ratio, as this ratio measures how many times a company pays off its accounts payable during a specific period.
Without the payables turnover ratio data, it is challenging to assess Xpel Inc's efficiency in managing its trade payables and the company's liquidity position. Monitoring the payables turnover ratio over time could provide insights into the company's ability to efficiently pay off its obligations to suppliers and manage its working capital effectively. It is recommended for Xpel Inc to ensure data accuracy and completeness for future financial reporting to facilitate a more comprehensive financial analysis.