Calavo Growers Inc (CVGW)
Payables turnover
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 877,768 | 977,292 | 974,244 | 1,061,742 | 1,140,296 | 1,188,689 | 1,237,347 | 1,186,685 | 1,128,307 | 1,068,702 | 1,002,722 | 1,003,672 | 1,009,614 | 1,066,757 | 1,121,508 | 1,168,882 | 1,160,092 | 1,127,507 | 1,118,014 | 1,057,404 |
| Payables | US$ in thousands | 4,916 | 15,537 | 16,425 | 19,176 | 17,421 | 10,436 | 11,551 | 18,639 | 11,848 | 9,794 | 10,424 | 14,012 | 14,417 | 9,384 | 10,640 | 7,555 | 21,880 | 17,421 | 15,385 | 13,903 |
| Payables turnover | 178.55 | 62.90 | 59.31 | 55.37 | 65.46 | 113.90 | 107.12 | 63.67 | 95.23 | 109.12 | 96.19 | 71.63 | 70.03 | 113.68 | 105.40 | 154.72 | 53.02 | 64.72 | 72.67 | 76.06 |
January 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $877,768K ÷ $4,916K
= 178.55
The payables turnover ratio for Calavo Growers Inc has shown fluctuations over the periods analyzed. The ratio indicates how efficiently the company is managing its accounts payable by measuring the number of times it pays off its suppliers during a specific period.
From the data provided, Calavo Growers Inc had a high payables turnover ratio of 178.55 in January 2024, suggesting that the company paid off its accounts payable obligations almost 179 times during that period. This may indicate a strong ability to manage and settle its trade payables promptly.
On the other hand, the lowest payables turnover ratio was recorded in October 2019 at 53.02, indicating a comparatively slower rate of paying off suppliers. However, it's important to note that a low payables turnover ratio could also signal favorable credit terms negotiated with suppliers.
Overall, it seems that Calavo Growers Inc has generally maintained relatively high payables turnover ratios, which may indicate efficient management of its accounts payable and good relationships with its suppliers over the periods analyzed.