Boot Barn Holdings Inc (BOOT)
Payables turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,194,066 | 1,157,925 | 1,109,916 | 1,077,515 | 1,052,598 | 1,073,393 | 1,078,840 | 1,060,765 | 1,047,075 | 1,011,718 | 979,224 | 951,325 | 913,183 | 845,204 | 746,488 | 680,947 | 598,612 | 562,786 | 554,218 | 553,038 |
| Payables | US$ in thousands | 134,450 | 129,265 | 153,564 | 133,974 | 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 |
| Payables turnover | 8.88 | 8.96 | 7.23 | 8.04 | 7.92 | 8.15 | 7.72 | 9.80 | 7.80 | 6.57 | 5.72 | 6.27 | 6.95 | 4.47 | 5.31 | 6.14 | 5.72 | 5.46 | 6.84 | 6.85 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,194,066K ÷ $134,450K
= 8.88
Boot Barn Holdings Inc has seen fluctuations in its payables turnover ratio over the past few quarters. The payables turnover ratio measures how quickly a company pays its suppliers.
From June 30, 2020, to September 30, 2021, the payables turnover ratio remained relatively stable, ranging from 5.31 to 6.85. However, there was a significant decrease in the ratio at the end of December 2021, dropping to 4.47. This could indicate that the company was taking longer to pay its suppliers during that period.
After December 2021, there was some improvement in the payables turnover ratio, with the ratio gradually increasing to 8.96 by December 31, 2024. This suggests that Boot Barn Holdings Inc was able to pay its suppliers more efficiently during this period.
Overall, the payables turnover ratio for Boot Barn Holdings Inc has shown variability over the quarters, with some quarters indicating slower payments to suppliers and others showing improvement in efficiency. It is essential for the company to monitor and manage its payables effectively to maintain healthy relationships with suppliers and optimize working capital management.
Peer comparison
Mar 31, 2025