Apogee Enterprises Inc (APOG)
Payables turnover
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,001,100 | 1,049,810 | 1,044,310 | 1,105,420 | 1,105,420 |
| Payables | US$ in thousands | — | 84,755 | — | — | 86,549 |
| Payables turnover | — | 12.39 | — | — | 12.77 |
February 28, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,001,100K ÷ $—K
= —
The payables turnover ratio for Apogee Enterprises Inc fluctuated over the years, ranging from 12.39 to 12.77. The payables turnover ratio measures how efficient a company is at paying its suppliers. A higher ratio indicates that the company is paying its suppliers more frequently within a given period.
In February 2023, the payables turnover ratio was 12.77, suggesting that Apogee Enterprises Inc paid its suppliers approximately 12.77 times during that year. This indicates a relatively efficient payment cycle.
In February 2024, the payables turnover ratio decreased slightly to 12.39, implying a minor dip in the frequency of payments to suppliers compared to the previous year.
The lack of data for February 28, 2023, and February 29, 2024, makes it challenging to track the trend accurately. However, overall, the payables turnover ratio for Apogee Enterprises Inc reflects a consistent and efficient approach in managing its payables, ensuring timely settlement with suppliers.