Burlington Stores Inc (BURL)
Payables turnover
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,587,730 | 8,882,250 | 8,071,680 | 8,315,480 | 3,567,460 |
| Payables | US$ in thousands | 1,038,150 | 956,350 | 955,793 | 1,080,800 | 862,638 |
| Payables turnover | 9.24 | 9.29 | 8.45 | 7.69 | 4.14 |
February 1, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $9,587,730K ÷ $1,038,150K
= 9.24
Based on the data provided, Burlington Stores Inc's payables turnover has been showing an increasing trend over the years. The payables turnover ratio measures how efficiently a company is managing its suppliers by paying its bills.
Starting at 4.14 in January 30, 2021, the ratio has steadily increased to 7.69 in January 29, 2022, indicating that the company is paying its suppliers almost 7.69 times a year on average. This suggests that Burlington Stores Inc is managing its payables more efficiently.
The trend continues to improve as the payables turnover ratio reaches 8.45 in January 28, 2023, further optimizing the company's payment cycle. Subsequently, the ratio increases to 9.29 in February 3, 2024, and maintains a relatively high level at 9.24 in February 1, 2025. This indicates that Burlington Stores Inc is getting better at managing and settling its payables promptly.
Overall, the increasing trend in payables turnover ratio suggests that Burlington Stores Inc is improving its efficiency in managing its payables and potentially building stronger relationships with its suppliers by paying them off more promptly.
Peer comparison
Feb 1, 2025