Advance Auto Parts Inc (AAP)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 6,434,920 | 6,300,040 | 7,829,430 | 7,993,110 | 8,574,430 | 8,598,400 | 9,165,720 | 9,380,230 | 8,205,460 | 9,144,780 | 7,269,470 | 6,806,050 | 8,602,760 | 8,001,510 | 7,864,880 | 8,780,600 | 7,038,940 | 7,574,560 | 7,709,860 | 8,398,570 |
| Payables | US$ in thousands | — | — | — | — | — | 4,014,010 | — | 3,862,680 | — | 3,755,000 | — | — | 4,080,830 | — | — | 3,942,390 | — | — | 3,750,840 | — |
| Payables turnover | — | — | — | — | — | 2.14 | — | 2.43 | — | 2.44 | — | — | 2.11 | — | — | 2.23 | — | — | 2.06 | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,434,920K ÷ $—K
= —
The payables turnover ratio is used to measure how efficiently a company manages its accounts payable by evaluating the number of times a company pays off its average accounts payable balance within a specific period.
For Advance Auto Parts Inc, the payables turnover ratio has shown fluctuations over the given time period. The ratio was 2.06 on October 9, 2021, increased to 2.23 by April 23, 2022, and further improved to 2.44 by April 22, 2023. This indicates that the company is paying its suppliers more frequently in these periods.
However, there are several instances where the payables turnover ratio was not reported, indicating a lack of clarity in the data or potentially longer payment cycles that might impact the efficiency of managing accounts payable.
Overall, further analysis of the trend in payables turnover ratio would be required to assess the effectiveness of Advance Auto Parts Inc in managing its accounts payable and its impact on the company's overall financial performance.
Peer comparison
Dec 31, 2024