American Woodmark Corporation (AMWD)
Payables turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,403,035 | 1,440,028 | 1,443,374 | 1,447,311 | 1,469,695 | 1,484,908 | 1,549,119 | 1,641,176 | 1,708,676 | 1,756,261 | 1,758,804 | 1,697,508 | 1,630,500 | 1,598,107 | 1,546,325 | 1,503,928 | 1,424,739 | 1,349,083 | 1,316,356 | 1,298,250 |
| Payables | US$ in thousands | 141,685 | 56,295 | 69,173 | 69,627 | 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 |
| Payables turnover | 9.90 | 25.58 | 20.87 | 20.79 | 22.80 | 22.88 | 26.10 | 26.65 | 26.73 | 29.78 | 20.54 | 15.02 | 14.63 | 18.16 | 17.75 | 17.24 | 15.55 | 15.20 | 16.79 | 20.66 |
April 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,403,035K ÷ $141,685K
= 9.90
The payables turnover ratio for American Woodmark Corporation has exhibited notable fluctuations over the analyzed period. At the beginning, on July 31, 2020, the ratio was relatively high at 20.66 times, indicating a prompt payment cycle to suppliers. This level declined steadily through October 31, 2020 (16.79) and January 31, 2021 (15.20), suggesting a gradual slowdown in the frequency of payments relative to supplier balances.
The ratio stabilized somewhat between April 30, 2021 (15.55) and July 31, 2021 (17.24), with a modest upward trend observed through October 31, 2021 (17.75) and January 31, 2022 (18.16). However, a decline resumed by April 30, 2022 (14.63), reaching a low point, before experiencing a rebound to 20.54 on October 31, 2022.
A significant increase is observed starting from January 31, 2023, where the ratio sharply rose to 29.78, nearing a rapid payment cycle, before slightly decreasing to 26.73 (April 30, 2023) and maintaining a similar level through July and October 2023 (26.65 and 26.10, respectively). The ratio then declined to 22.88 by January 31, 2024, remaining relatively stable through April 30, 2024 (22.80), and October 31, 2024 (20.87). A slight upward trend resumed in early 2025, with the ratio reaching 25.58 on January 31, 2025, but then declining sharply to 9.90 by April 30, 2025.
Overall, the payables turnover ratio has demonstrated periods of both increase and decline, reflecting fluctuations in payment practices or supplier terms over this timeframe. The marked peak in early 2023 might indicate shorter payment cycles, while the sharp decrease in April 2025 suggests a significant extension of payment periods or a strategic change in accounts payable management.