Acuity Brands Inc (AYI)
Payables turnover
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 3,240,600 | 3,074,400 |
| Payables | US$ in thousands | 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 | 338,800 | 378,800 |
| Payables turnover | 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 | 9.56 | 8.12 |
February 29, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,405,000K ÷ $322,400K
= 10.56
The payables turnover for Acuity Brands Inc has exhibited fluctuations over the past several quarters. The metric measures the efficiency with which the company pays its suppliers.
In the most recent quarter as of Feb 29, 2024, the payables turnover ratio was 10.56, indicating that the company paid its suppliers approximately 10.56 times during that period. This suggests that the company is managing its payables effectively and efficiently by settling its obligations in a timely manner.
Looking at the trend over the past few quarters, there seems to be variability in the payables turnover ratio, with some quarters showing higher ratios while others show lower ratios. This variability could be influenced by factors such as changes in the company's payment terms, vendor relationships, or overall business operations.
Overall, a payables turnover ratio that is consistently high or improving over time can indicate strong supplier relationships and effective cash management. On the other hand, a declining ratio may signal potential liquidity issues or inefficiencies in managing payables. It would be beneficial to monitor this ratio in conjunction with other financial metrics to gain a more comprehensive understanding of Acuity Brands Inc's financial performance and liquidity management.
Peer comparison
Feb 29, 2024