Core & Main Inc (CNM)
Payables turnover
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,962,000 | 5,876,000 | 4,579,000 |
| Payables | US$ in thousands | 504,000 | 479,000 | 608,000 |
| Payables turnover | 11.83 | 12.27 | 7.53 |
January 28, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,962,000K ÷ $504,000K
= 11.83
Core & Main Inc's payables turnover has been relatively stable over the past three years, with values of 11.83 in January 28, 2024, 12.27 in January 29, 2023, and 7.53 in January 30, 2022.
A high payables turnover ratio indicates that the company is efficient in paying its suppliers and managing its accounts payable. Core & Main Inc's payables turnover ratios of over 7 suggest that the company is effectively managing its payables by paying them off relatively quickly.
Overall, Core & Main Inc's consistent and relatively high payables turnover ratios suggest that the company is efficient in managing its accounts payable, which is a positive indicator of its liquidity and financial management.