Sobr Safe(Sobr) Financials: Payables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - payables turnover
This chart shows the historical trend of payables turnover for SOBR compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Payables Turnover
Definition: Payables turnover shows how fast the company pays its suppliers for goods or services bought on credit. A high turnover means the company pays suppliers quickly, which may reflect strong cash flow or favorable terms. A very low turnover might mean the company is stretching payments to preserve cash — or possibly experiencing financial strain.
Interpretation:
• In '2021', SOBR's payables turnover was 0.00, indicating how promptly the company pays its suppliers. Industry average for Newspapers/Magazines in '2021' stood at 3.24.
• In '2022', SOBR's payables turnover was 0.06, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. Industry average for Newspapers/Magazines in '2022' stood at 3.94. Industry average increased by 0.70 compared to previous year.
• In '2023', SOBR's payables turnover was 0.28, indicating how promptly the company pays its suppliers. The increase since '2022' reflects strengthening financial performance. Industry average for Newspapers/Magazines in '2023' stood at 4.39. Industry average increased by 0.45 compared to previous year.
• In '2024', SOBR's payables turnover was 0.41, indicating how promptly the company pays its suppliers. The increase since '2023' reflects strengthening financial performance. Industry average for Newspapers/Magazines in '2024' stood at 4.41. Industry average increased by 0.01 compared to previous year.
Overall, SOBR's payables turnover has been volatile but showed an upward trend over the past 4 years.
Formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable
Good Range: Ranges 5-15 depending on industry.