Cracker Barrel Old Country Store (CBRL)

Payables turnover

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Cost of revenue (ttm)	US$ in thousands	2,694,657	2,621,495	2,594,263	2,589,720	2,600,175	2,600,963	2,569,712	2,507,102	2,446,244	2,380,674	2,299,905	2,172,378	2,079,836	1,917,630	1,797,127	1,896,594	1,954,221	2,116,499	2,265,738	2,248,545
Payables	US$ in thousands	162,288	137,672	136,388	143,294	165,484	132,032	135,473	135,480	169,871	125,436	123,939	138,199	135,176	113,665	118,308	136,051	103,504	88,052	123,318	145,945
Payables turnover		16.60	19.04	19.02	18.07	15.71	19.70	18.97	18.51	14.40	18.98	18.56	15.72	15.39	16.87	15.19	13.94	18.88	24.04	18.37	15.41

August 2, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,694,657K ÷ $162,288K
= 16.60

The payables turnover ratio for Cracker Barrel Old Country Store has shown fluctuations over the past several periods, ranging from a low of 13.94 to a high of 24.04. The ratio indicates the company's ability to efficiently manage its accounts payable by paying off its suppliers in a timely manner. A higher payables turnover ratio suggests that the company is paying its suppliers more quickly, which may be beneficial in terms of maintaining good relationships with suppliers and potentially negotiating better terms.

On the other hand, a lower payables turnover ratio could imply that the company is taking longer to pay its suppliers, which may have implications for cash flow management and supplier relationships. Overall, the variations in the payables turnover ratio for Cracker Barrel Old Country Store suggest some degree of fluctuation in the company's accounts payable management practices over the periods examined. Further analysis and comparison with industry benchmarks may provide additional insights into the company's financial performance and management efficiency.