Dollar General Corporation (DG)

Payables turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 2, 2024	Jan 31, 2024	Nov 3, 2023	Oct 31, 2023	Aug 4, 2023	Jul 31, 2023	May 5, 2023	Apr 30, 2023	Feb 3, 2023	Jan 31, 2023	Oct 31, 2022	Oct 28, 2022	Jul 31, 2022	Jul 29, 2022	Apr 30, 2022	Apr 29, 2022
Cost of revenue (ttm)	US$ in thousands	28,827,100	30,837,730	30,765,750	32,875,480	32,602,870	32,421,180	31,997,530	29,124,280	28,630,090	28,798,050	29,101,140	29,293,480	31,635,470	28,741,130	30,198,830	29,632,120	28,907,970	28,481,690	27,826,780	27,712,190
Payables	US$ in thousands	—	—	—	—	3,587,370	—	3,651,780	—	3,681,630	—	3,679,170	—	3,552,990	—	—	4,127,080	—	4,358,390	—	3,906,850
Payables turnover		—	—	—	—	9.09	—	8.76	—	7.78	—	7.91	—	8.90	—	—	7.18	—	6.53	—	7.09

January 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $28,827,100K ÷ $—K
= —

Payables turnover is a financial ratio that measures how efficiently a company manages its accounts payable by comparing the amount of purchases made on credit to the average accounts payable balance during a specific period. A higher payables turnover ratio generally indicates that a company is paying its suppliers quickly.

Analyzing the payables turnover ratio for Dollar General Corporation based on the provided data, we observe fluctuations and some missing values over the reported periods. The payables turnover ratio for Dollar General ranged between 6.53 and 9.09 during the specified periods.

In April 2022, the payables turnover ratio was 7.09, indicating that the company was turning over its payables approximately 7.09 times during that period. The ratio increased to 8.90 in February 2023, suggesting a faster turnover of payables relative to the previous periods.

It is notable that there are missing values (marked as "—") for certain periods, indicating that the payables turnover ratio data was not provided or potentially not calculated for those specific dates.

Overall, monitoring changes in the payables turnover ratio can provide insights into Dollar General's efficiency in managing its accounts payable and its relationships with suppliers. Fluctuations in the ratio could be due to various factors such as changes in payment terms, supplier relationships, or company operations.