Core & Main Inc (CNM)
Payables turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,461,000 | 4,884,000 | 5,962,000 | 4,856,000 | 5,876,000 |
| Payables | US$ in thousands | — | — | 504,000 | — | 479,000 |
| Payables turnover | — | — | 11.83 | — | 12.27 |
January 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,461,000K ÷ $—K
= —
Core & Main Inc's payables turnover ratio provides insight into how efficiently the company is managing its accounts payable. The ratio measures how many times a company pays off its average accounts payable balance during a specific period.
Based on the data provided, we observe that the payables turnover ratio for Core & Main Inc was 12.27 in January 29, 2023, and 11.83 in January 28, 2024. The absence of data for January 31, 2023, and January 31, 2024, prevents us from tracking the trend over these periods.
A higher payables turnover ratio generally indicates that the company is paying off its suppliers more frequently, which could suggest good financial health and efficient working capital management. However, a very high ratio may also indicate that the company is not utilizing its trade credit effectively.
Overall, it would be beneficial to monitor the payables turnover ratio over consecutive periods to identify trends and assess the company's effectiveness in managing its payables. It would also be valuable to compare this ratio with industry benchmarks to gain a better understanding of Core & Main Inc's performance in this area.