Acuity Brands Inc (AYI)
Payables turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,334,900 | 3,541,700 | 3,539,100 | 1,986,000 | 1,923,900 |
| Payables | US$ in thousands | 352,300 | 285,700 | 397,800 | 391,500 | 326,500 |
| Payables turnover | 9.47 | 12.40 | 8.90 | 5.07 | 5.89 |
August 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,334,900K ÷ $352,300K
= 9.47
Acuity Brands Inc's payables turnover has fluctuated over the past five years. The payables turnover ratio indicates how efficiently the company pays its suppliers. A higher payables turnover ratio suggests that the company pays its suppliers more quickly.
In the most recent year, the payables turnover ratio was 9.47, indicating that Acuity Brands Inc paid its suppliers approximately 9.47 times during the year. This represents a decrease compared to the previous year's ratio of 12.40, suggesting a potential slowdown in the company's payment to suppliers.
Looking back over the five-year period, the payables turnover ratio ranged from 5.07 to 12.40, showing variability in the company's payment cycle. The highest payables turnover ratio was seen in 2023, indicating a faster payment to suppliers, while the lowest ratio was noted in 2021.
Overall, the trend in Acuity Brands Inc's payables turnover suggests fluctuations in the company's payment practices towards its suppliers, which may have implications for its working capital management and relationships with suppliers.
Peer comparison
Aug 31, 2024