Burlington Stores Inc (BURL)
Payables turnover
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 9,587,720 | 9,475,020 | 9,285,620 | 9,059,960 | 8,884,000 | 8,573,220 | 8,384,480 | 8,239,710 | 8,071,670 | 7,972,500 | 8,145,780 | 8,227,550 | 8,315,530 | 7,316,400 | 6,124,774 | 4,690,690 | 3,567,461 | 3,535,361 | 3,646,557 | 4,072,641 |
| Payables | US$ in thousands | 1,038,150 | 1,101,920 | 1,017,450 | 929,759 | 956,350 | 939,658 | 773,494 | 829,212 | 955,793 | 953,680 | 800,742 | 962,208 | 1,080,800 | 1,174,250 | 979,973 | 906,960 | 862,638 | 920,944 | 492,349 | 701,922 |
| Payables turnover | 9.24 | 8.60 | 9.13 | 9.74 | 9.29 | 9.12 | 10.84 | 9.94 | 8.44 | 8.36 | 10.17 | 8.55 | 7.69 | 6.23 | 6.25 | 5.17 | 4.14 | 3.84 | 7.41 | 5.80 |
February 1, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $9,587,720K ÷ $1,038,150K
= 9.24
The payables turnover ratio for Burlington Stores Inc has shown fluctuations over the past few years, indicating changes in the company's management of its accounts payable. The ratio increased from 5.80 in May 2020 to a peak of 10.84 in July 29, 2023, which suggests that the company was able to better manage its payables during this period, possibly negotiating better terms with suppliers or streamlining its payment processes.
Subsequently, the payables turnover ratio started to decline, reaching 8.60 on November 2, 2024, and then slightly increased to 9.24 by February 1, 2025. These changes may indicate shifts in the company's purchasing strategies, supplier relationships, or internal payment policies.
Overall, a higher payables turnover ratio typically indicates that a company is efficiently managing its payables by paying its suppliers more quickly. However, it is essential to consider the specific industry and company circumstances when interpreting this ratio, as different businesses may have varying payment practices and supplier relationships.
Peer comparison
Feb 1, 2025