BJs Wholesale Club Holdings Inc (BJ)
Payables turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 16,326,130 | 15,958,530 | 15,844,510 | 16,021,550 | 15,884,240 | 15,418,450 | 14,983,100 | 14,152,950 | 13,588,610 | 13,232,010 | 12,747,540 | 12,531,670 | 12,451,060 | 12,097,150 | 11,720,510 | 11,255,840 | 10,763,930 | 10,701,760 | 10,719,580 | 10,705,100 |
| Payables | US$ in thousands | 1,183,280 | 1,318,960 | 1,226,490 | 1,281,680 | 1,195,700 | 1,363,730 | 1,243,290 | 1,267,100 | 1,112,780 | 1,235,760 | 1,029,730 | 1,023,140 | 988,074 | 1,176,100 | 1,004,720 | 990,420 | 786,412 | 973,328 | 798,504 | 820,489 |
| Payables turnover | 13.80 | 12.10 | 12.92 | 12.50 | 13.28 | 11.31 | 12.05 | 11.17 | 12.21 | 10.71 | 12.38 | 12.25 | 12.60 | 10.29 | 11.67 | 11.36 | 13.69 | 11.00 | 13.42 | 13.05 |
February 3, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $16,326,130K ÷ $1,183,280K
= 13.80
The payables turnover ratio for BJs Wholesale Club Holdings Inc has shown some fluctuations over the past few periods. The ratio indicates how many times the company pays off its accounts payable during a particular period.
On average, the payables turnover for BJs Wholesale Club Holdings Inc over the periods listed is approximately 12.18 times. This suggests that, on average, the company is able to pay off its suppliers just over 12 times a year.
The ratio has ranged from a low of 10.29 to a high of 13.80 during the mentioned periods, reflecting some variability in the speed at which the company settles its payables. Generally, a higher payables turnover is indicative of more efficient management of payables and possibly better relationships with suppliers, as the company is paying them off more frequently.
It is important to note that payables turnover ratios can vary between industries, so it is crucial to compare BJs Wholesale Club Holdings Inc's payables turnover with industry benchmarks to gain a more comprehensive understanding of its performance in managing its accounts payable.
Peer comparison
Feb 3, 2024