Box Inc (BOX)
Payables turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 777,187 | 773,759 | 770,666 | 775,833 | 776,493 | 781,415 | 786,165 | 775,055 | 761,669 | 740,831 | 710,271 | 691,220 | 682,628 | 511,570 | 524,588 | 528,630 | 520,733 | 674,771 | 657,527 | 640,415 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 4,546 | 5,426 | 8,703 | 8,799 | 16,752 | 15,543 | 18,831 | 12,690 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | 150.16 | 94.28 | 60.28 | 60.08 | 31.08 | 43.41 | 34.92 | 50.47 |
January 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $777,187K ÷ $—K
= —
Based on the data provided for Box Inc, the payables turnover ratio has shown fluctuating trends over the past few quarters. The payables turnover ratio for the most recent quarter (January 31, 2024) is not available directly in the table. However, by examining the figures available, we can see that the payables turnover ratio for the previous quarters has exhibited varying levels of efficiency in managing payables.
In the earlier quarters, the payables turnover ratio was relatively low, indicating that Box Inc was taking a longer time to pay off its suppliers. However, from April 2021 to January 2023, there was a notable improvement in the payables turnover ratio, which peaked at 150.16 in January 2023. This suggests that in those periods, Box Inc was managing its payables more efficiently by paying off its suppliers more frequently.
Subsequently, there was a decline in the payables turnover ratio from January 2023 to July 2023, indicating a potential slowdown in the payment of suppliers during that period. The ratio then fluctuated around the 30-60 range from July 2023 to October 2023, showing some inconsistency in managing payables.
Overall, the payables turnover ratio for Box Inc has varied over the analyzed periods, indicating changes in the company's payment practices and relationship with its suppliers. Further analysis of the most recent period would be necessary to fully assess the current efficiency of Box Inc in managing its payables.
Peer comparison
Jan 31, 2024