American Woodmark Corporation (AMWD)
Payables turnover
Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 1,759,686 | 1,795,038 | 1,860,200 | 1,951,314 | 2,015,317 | 2,055,022 | 2,122,001 | 2,049,814 | 1,973,795 | 1,939,783 | 1,820,870 | 1,789,040 | 1,718,916 | 1,642,761 | 1,629,739 | 1,597,485 | 1,530,474 | 1,444,479 | 1,369,966 | 1,298,846 |
Payables | US$ in thousands | 64,470 | 64,905 | 59,352 | 61,579 | 63,915 | 58,971 | 85,622 | 112,988 | 111,422 | 87,986 | 87,109 | 87,214 | 91,622 | 88,765 | 78,401 | 62,824 | 66,378 | 62,850 | 67,167 | 61,277 |
Payables turnover | 27.29 | 27.66 | 31.34 | 31.69 | 31.53 | 34.85 | 24.78 | 18.14 | 17.71 | 22.05 | 20.90 | 20.51 | 18.76 | 18.51 | 20.79 | 25.43 | 23.06 | 22.98 | 20.40 | 21.20 |
April 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,759,686K ÷ $64,470K
= 27.29
The payables turnover ratio for American Woodmark Corporation has exhibited some fluctuations over the past few years. The ratio measures how efficiently the company is managing its accounts payable by calculating the number of times a company pays off its average accounts payable balance during a specific period.
In the most recent period ending April 30, 2024, the payables turnover ratio stood at 27.29, indicating that the company paid off its accounts payable balance approximately 27.29 times during the year. This suggests a relatively high efficiency in managing its payables.
Looking at the trend over the past few years, the payables turnover ratio has generally been on an upward trajectory, with some minor fluctuations. The ratio peaked at 34.85 in January 2023 and has since hovered around the high 20s to low 30s range.
A higher payables turnover ratio typically indicates that the company is paying off its suppliers more quickly, which could be a positive signal of strong financial management and good relationships with suppliers. Conversely, a significantly low ratio could indicate potential liquidity or cash flow issues.
Overall, the trend in American Woodmark Corporation's payables turnover suggests an efficient management of accounts payable, with the company consistently paying off its obligations relatively quickly in recent years.