Burlington Stores Inc (BURL)
Payables turnover
| 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 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 4,253,895 | 4,135,135 | 4,054,063 | 3,961,566 |
| Payables | US$ in thousands | 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 | 759,107 | 888,434 | 690,597 | 707,672 |
| Payables turnover | 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 | 5.60 | 4.65 | 5.87 | 5.60 |
February 3, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,884,000K ÷ $956,350K
= 9.29
Burlington Stores Inc's payables turnover ratio has fluctuated over the past 20 quarters, ranging from a low of 3.84 to a high of 10.84. The payables turnover ratio measures how efficiently the company pays its suppliers by comparing the cost of goods sold to accounts payable.
A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which may suggest strong liquidity and efficient management of working capital. On the other hand, a lower ratio could indicate that the company is taking longer to pay its suppliers, potentially leading to strained relationships or missed opportunities for early payment discounts.
In Burlington Stores Inc's case, the trend shows some variability, with the ratio generally ranging between 4 and 10. The company's payables turnover has shown some improvement in recent quarters, reaching a peak of 10.84 in July 2023, which may indicate better management of payables. However, the ratio has not consistently increased over time, with fluctuations observed across different reporting periods.
Overall, monitoring the payables turnover ratio can provide insights into Burlington Stores Inc's payment practices and efficiency in managing supplier relationships, which are crucial aspects of its financial health and operational management.
Peer comparison
Feb 3, 2024