Boot Barn Holdings Inc (BOOT)
Payables turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,469,674 | 1,482,415 | 1,479,228 | 1,450,752 | 1,426,783 | 1,385,476 | 1,336,918 | 1,291,912 | 1,230,912 | 1,135,051 | 1,002,051 | 914,621 | 807,909 | 761,052 | 749,360 | 748,436 | 772,184 | 722,356 | 641,679 | 584,621 |
| Payables | US$ in thousands | 132,877 | 131,655 | 139,762 | 108,203 | 134,246 | 153,934 | 171,148 | 151,638 | 131,394 | 189,229 | 140,530 | 110,876 | 104,641 | 103,095 | 81,003 | 80,702 | 95,334 | 122,800 | 131,220 | 99,471 |
| Payables turnover | 11.06 | 11.26 | 10.58 | 13.41 | 10.63 | 9.00 | 7.81 | 8.52 | 9.37 | 6.00 | 7.13 | 8.25 | 7.72 | 7.38 | 9.25 | 9.27 | 8.10 | 5.88 | 4.89 | 5.88 |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,469,674K ÷ $132,877K
= 11.06
Boot Barn Holdings Inc's payables turnover ratio has been fluctuating over the past few quarters. The ratio ranged from a low of 4.89 to a high of 13.41. Overall, the trend appears to be quite volatile, with no clear pattern of consistent improvement or deterioration.
A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which can signify effective management of accounts payable and potentially stronger supplier relationships. On the other hand, a lower ratio could suggest that the company is taking longer to pay its suppliers, which may impact supplier relations or cash flow management.
In the most recent quarter, the payables turnover ratio was 11.06, which indicates that the company paid its accounts payable approximately 11 times during the period. It's important to consider industry benchmarks and compare the ratio with competitors to gain a better understanding of the company's payables management efficiency. Further analysis and monitoring of this ratio in conjunction with other financial metrics will provide a more comprehensive view of Boot Barn Holdings Inc's financial health and operational efficiency.
Peer comparison
Mar 31, 2024