Buckle Inc (BKE)

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	990,043	996,032	1,009,558	1,010,154	1,017,055	996,516	980,815	971,790	959,108	922,067	881,729	824,984	733,256	710,119	704,051	717,773	768,757	770,811	768,806	765,510
Payables	US$ in thousands	45,958	63,320	54,261	57,774	44,835	74,028	63,036	61,246	59,950	63,518	67,812	53,632	43,399	57,629	48,142	19,212	26,491	44,771	42,531	36,533
Payables turnover		21.54	15.73	18.61	17.48	22.68	13.46	15.56	15.87	16.00	14.52	13.00	15.38	16.90	12.32	14.62	37.36	29.02	17.22	18.08	20.95

February 3, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $990,043K ÷ $45,958K
= 21.54

The payables turnover ratio for Buckle Inc has fluctuated over the past few quarters. The ratio indicates how efficiently the company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a period.

The payables turnover ratio for Buckle Inc ranged from a low of 12.32 to a high of 37.36 over the historical period provided. A higher turnover ratio suggests that the company is paying off its suppliers more frequently, which may indicate strong liquidity and efficient cash management. On the other hand, a lower turnover ratio may suggest that the company is taking longer to pay off its suppliers, potentially indicating cash flow issues or strained supplier relationships.

Overall, the payables turnover ratio for Buckle Inc has shown variability over time, indicating fluctuations in the company's payment practices and possibly changes in its relationship with suppliers. Further analysis would be needed to understand the underlying reasons for these fluctuations and their implications for the company's financial health and operations.