Acuity Brands Inc (AYI)
Payables turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,334,900 | 3,372,800 | 3,405,000 | 3,447,600 | 3,541,700 | 3,585,400 | 3,647,300 | 3,623,000 | 3,537,400 | 2,568,500 | 2,432,200 | 2,310,800 | 2,209,900 | 3,011,500 | 2,923,700 | 2,981,200 | 3,021,500 | 3,033,400 | 3,164,400 | 3,177,400 |
| Payables | US$ in thousands | 352,300 | 323,300 | 322,400 | 311,800 | 285,700 | 344,300 | 324,800 | 415,100 | 397,800 | 452,200 | 454,700 | 409,300 | 391,500 | 380,400 | 321,500 | 317,300 | 326,500 | 331,300 | 333,500 | 321,700 |
| Payables turnover | 9.47 | 10.43 | 10.56 | 11.06 | 12.40 | 10.41 | 11.23 | 8.73 | 8.89 | 5.68 | 5.35 | 5.65 | 5.64 | 7.92 | 9.09 | 9.40 | 9.25 | 9.16 | 9.49 | 9.88 |
August 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,334,900K ÷ $352,300K
= 9.47
The payables turnover ratio for Acuity Brands Inc has fluctuated over the past several periods. The ratio measures how efficiently the company is managing its accounts payable by indicating how many times during a period the company pays off its average accounts payable balance.
From Nov 30, 2019, to Aug 31, 2024, the payables turnover ratio has ranged from 5.35 to 12.40. A higher ratio indicates that the company is paying off its suppliers more frequently during the period, which could suggest strong liquidity or favorable credit terms negotiated with suppliers.
The trend shows an overall increase in the payables turnover ratio from Aug 2020 to Nov 2023, indicating improved efficiency in managing payables during that period. However, there was a slight decline in the ratio in the latest period from May 2024 to Aug 2024.
A payables turnover ratio analysis should also consider industry benchmarks and the company's specific circumstances to provide a more meaningful interpretation of the efficiency of Acuity Brands Inc in managing its payables.
Peer comparison
Aug 31, 2024