Academy Sports Outdoors Inc (ASO)
Payables turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,921,990 | 5,489,740 | 4,049,080 | 4,182,570 | 5,554,020 |
| Payables | US$ in thousands | — | 541,077 | — | — | 686,472 |
| Payables turnover | — | 10.15 | — | — | 8.09 |
January 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,921,990K ÷ $—K
= —
The payable turnover ratio is a measure of how efficiently a company manages its accounts payable by paying off its suppliers. Looking at the data provided, we can see that Academy Sports Outdoors Inc has a payable turnover ratio of 8.09 for January 28, 2023, and 10.15 for February 3, 2024. A higher ratio indicates that the company is paying off its suppliers more frequently within a given period.
However, the payable turnover ratio is not available for January 31, 2023, January 31, 2024, and January 31, 2025, as indicated by "—". This lack of data may be due to various reasons such as incomplete records, changes in reporting methods, or other factors.
Overall, based on the available data, we can infer that Academy Sports Outdoors Inc has shown an improvement in managing its accounts payable efficiently over time, as seen by the increase in the payable turnover ratio from 8.09 to 10.15. It is essential for the company to maintain a healthy payable turnover ratio to ensure good relationships with suppliers and support its financial stability.
Peer comparison
Jan 31, 2025