Dell Technologies Inc (DELL)
Payables turnover
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 67,556,000 | 79,615,000 | 79,306,000 | 66,530,000 | 64,176,000 |
| Payables | US$ in thousands | 19,389,000 | 18,598,000 | 27,143,000 | 21,572,000 | 20,065,000 |
| Payables turnover | 3.48 | 4.28 | 2.92 | 3.08 | 3.20 |
February 2, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $67,556,000K ÷ $19,389,000K
= 3.48
Dell Technologies Inc's payables turnover ratio has fluctuated over the past five years. In the most recent fiscal year, ending on February 2, 2024, the company had a payables turnover ratio of 3.48, indicating that the company paid its suppliers approximately 3.48 times during the year. This represents a decrease from the previous year's ratio of 4.28 as of February 3, 2023.
The payables turnover ratio for Dell Technologies Inc has shown variability over the years, with the lowest ratio recorded on January 28, 2022, at 2.92 and the highest on February 3, 2023, at 4.28. This suggests that the company's management of its accounts payable has not been consistent and has experienced fluctuations.
Overall, Dell Technologies Inc's payables turnover ratio indicates that the company is managing its accounts payable effectively, but the recent decrease in the ratio may warrant further investigation into potential changes in the company's payment practices or its relationship with suppliers.
Peer comparison
Feb 2, 2024