Boot Barn Holdings Inc (BOOT)
Payables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,469,700 | 1,426,810 | 1,230,950 | 807,954 | 772,279 |
| Payables | US$ in thousands | 132,877 | 134,246 | 131,394 | 104,641 | 95,334 |
| Payables turnover | 11.06 | 10.63 | 9.37 | 7.72 | 8.10 |
March 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,469,700K ÷ $132,877K
= 11.06
Boot Barn Holdings Inc's payables turnover has shown a generally increasing trend over the past five years. The payables turnover ratio measures how efficiently the company is managing its payables by comparing the cost of goods sold to the average accounts payable during a specific period. A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly.
In the most recent fiscal year ending March 31, 2024, Boot Barn had a payables turnover of 11.06. This means that, on average, the company paid off its accounts payable 11.06 times during the year. Compared to the previous year, where the payables turnover was 10.63, there has been a slight improvement in the efficiency of managing payables.
From a long-term perspective, the increasing trend in payables turnover from 7.72 in March 2021 to 11.06 in March 2024 suggests that Boot Barn has been able to negotiate better payment terms with its suppliers or has implemented more effective payables management processes. This can have positive implications for the company's cash flow and working capital management.
Overall, the increasing payables turnover ratio of Boot Barn Holdings Inc indicates that the company has been effective in managing its payables and optimizing its relationships with suppliers, which is a positive indicator of financial health and operational efficiency.
Peer comparison
Mar 31, 2024