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.