Apogee Enterprises Inc (APOG)
Payables turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Nov 30, 2023 | Nov 25, 2023 | Aug 31, 2023 | Aug 26, 2023 | May 31, 2023 | May 27, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,001,101 | 1,084,562 | 1,105,741 | 1,110,031 | 1,179,437 | 1,083,154 | 1,122,902 | 1,142,220 | 1,169,099 | 1,176,788 | 1,183,016 | 1,195,528 | 1,199,668 | 1,220,848 | 1,241,535 | 1,231,314 | 1,222,747 | 1,169,763 | 1,199,492 | 1,198,011 |
| Payables | US$ in thousands | — | — | — | — | 84,755 | — | — | 83,107 | — | 78,323 | — | 77,638 | — | 86,549 | — | 70,137 | — | 86,871 | — | 88,908 |
| Payables turnover | — | — | — | — | 13.92 | — | — | 13.74 | — | 15.02 | — | 15.40 | — | 14.11 | — | 17.56 | — | 13.47 | — | 13.47 |
February 28, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,001,101K ÷ $—K
= —
The payables turnover ratio measures how efficiently a company is managing its payments to suppliers by comparing its purchases to its average accounts payable for a period. A higher payables turnover ratio generally indicates that the company is paying its suppliers more quickly.
In the case of Apogee Enterprises Inc, the payables turnover ratio has shown some fluctuations over the periods provided. From the data, we observe that the payables turnover ratios ranged from 13.47 to 17.56 over the last few quarters. The ratio was highest in November 2022 at 17.56 and lowest in November 2023 at 13.47.
It is worth noting that there are missing values indicated by the symbol "—" in the dataset, which implies that the payables turnover ratio was not available for those specific dates.
Overall, the payables turnover ratios suggest that Apogee Enterprises Inc is managing its payments to suppliers at a relatively steady pace, with some slight variations over time. Further analysis and comparison with industry benchmarks would be beneficial to fully assess the efficiency of the company's accounts payable management.