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.