Costco Wholesale Corp (COST)
Payables turnover
| Sep 1, 2024 | May 12, 2024 | Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 245,265,000 | 244,840,000 | 240,789,000 | 237,772,000 | 234,736,000 | 228,131,000 | 226,669,000 | 223,398,000 | 219,407,000 | 149,769,000 | 142,578,000 | 135,915,000 | 128,905,000 | 180,275,000 | 172,748,000 | 167,129,000 | 161,334,000 | 152,240,000 | 147,162,000 | 140,840,000 |
| Payables | US$ in thousands | 19,421,000 | 18,844,000 | 17,494,000 | 20,357,000 | 17,483,000 | 16,853,000 | 16,407,000 | 18,348,000 | 17,848,000 | 17,651,000 | 17,089,000 | 19,561,000 | 16,278,000 | 15,538,000 | 14,383,000 | 17,014,000 | 14,172,000 | 10,813,000 | 11,072,000 | 14,440,000 |
| Payables turnover | 12.63 | 12.99 | 13.76 | 11.68 | 13.43 | 13.54 | 13.82 | 12.18 | 12.29 | 8.49 | 8.34 | 6.95 | 7.92 | 11.60 | 12.01 | 9.82 | 11.38 | 14.08 | 13.29 | 9.75 |
September 1, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $245,265,000K ÷ $19,421,000K
= 12.63
The payables turnover ratio for Costco Wholesale Corp has shown some variation over the past few reporting periods. The ratio indicates the number of times a company pays off its accounts payable during a specific period.
Looking at the trend, we observe fluctuations in the payables turnover ratio. For example, in May 2023, the ratio was 13.54, indicating that Costco paid its suppliers approximately 13.54 times during that period. Subsequently, the ratio decreased to 8.34 in February 2022 before increasing again to 13.76 in February 2024.
Overall, the payables turnover ratio for Costco has ranged from a low of 6.95 in February 2022 to a high of 14.08 in August 2020. This variability may suggest changes in the company's payment policies, supplier relationships, or operating performance over the analyzed periods.
It is important for investors and analysts to monitor this ratio to understand how efficiently Costco manages its accounts payable and its relationships with suppliers. fluctuations in this ratio may provide insights into the company's working capital management and financial health.
Peer comparison
Sep 1, 2024