Boot Barn Holdings Inc (BOOT)
Payables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,194,070 | 1,052,580 | 1,047,040 | 913,183 | 598,612 |
| Payables | US$ in thousands | 134,450 | 132,877 | 134,246 | 131,394 | 104,641 |
| Payables turnover | 8.88 | 7.92 | 7.80 | 6.95 | 5.72 |
March 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,194,070K ÷ $134,450K
= 8.88
Boot Barn Holdings Inc's payables turnover has shown a consistent upward trend over the past five years, increasing from 5.72 in March 31, 2021, to 8.88 in March 31, 2025. This indicates that the company is managing its accounts payable more efficiently, as it is taking fewer days to pay off its creditors. A higher payables turnover ratio reflects that the company is able to convert its payables into cash quickly, which may suggest strong supplier relationships or effective cash management practices. This improvement in payables turnover ratio can be a positive signal for investors and creditors, showing that the company is effectively managing its working capital and potentially enhancing its liquidity position.
Peer comparison
Mar 31, 2025