Five Below Inc (FIVE)

Payables turnover

Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Feb 3, 2024 Jan 31, 2024 Oct 31, 2023 Oct 28, 2023 Jul 31, 2023 Jul 29, 2023 Apr 30, 2023 Apr 29, 2023 Jan 31, 2023 Jan 28, 2023 Oct 31, 2022 Oct 29, 2022 Jul 31, 2022 Jul 30, 2022 Apr 30, 2022 Jan 31, 2022
Cost of revenue (ttm) US$ in thousands 2,598,587 2,764,888 3,002,436 2,916,262 3,051,017 2,551,477 2,428,648 2,406,514 2,399,253 2,575,205 2,811,419 2,757,202 2,668,281 2,463,488 2,139,803 2,135,396 2,110,734 2,496,762 2,289,129 2,431,206
Payables US$ in thousands — — — — 256,275 — — 349,340 — 249,093 — 234,492 — 221,120 — 279,836 — 266,114 — —
Payables turnover — — — — 11.91 — — 6.89 — 10.34 — 11.76 — 11.14 — 7.63 — 9.38 — —

January 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,598,587K ÷ $—K
= —

The payables turnover ratio for Five Below Inc fluctuated over the period provided. The company had no data available for January 31, 2022, April 30, 2022, July 31, 2022, October 31, 2022, January 31, 2023, April 30, 2023, July 31, 2023, October 31, 2023, January 31, 2024, April 30, 2024, July 31, 2024, October 31, 2024, and January 31, 2025.

Looking at the available data points, the payables turnover was 9.38 for July 30, 2022, indicating that the company paid its accounts payable 9.38 times during that period. It increased to 11.14 for January 28, 2023, showed a further improvement to 11.76 for April 29, 2023, and then decreased to 10.34 for July 29, 2023. Subsequently, the ratio declined to 6.89 for October 28, 2023, and then significantly increased to 11.91 for February 3, 2024.

The payables turnover ratio provides insights into how efficiently a company pays its suppliers. Generally, a higher turnover ratio indicates that the company is settling its payables more frequently, which could be a positive sign. On the other hand, a lower ratio may suggest that the company is taking longer to pay its bills.

In the case of Five Below Inc, the fluctuation in the payables turnover ratio suggests varying payment patterns towards its accounts payable during the periods with available data. The company's management may need to monitor and manage its payables turnover effectively to maintain good relationships with suppliers and optimize cash flow in the long term.