National Beverage Corp (FIZZ)
Payables turnover
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 763,243 | 776,143 | 720,208 | 650,594 | 630,254 |
| Payables | US$ in thousands | 78,283 | 85,106 | 95,299 | 88,754 | 74,369 |
| Payables turnover | 9.75 | 9.12 | 7.56 | 7.33 | 8.47 |
April 27, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $763,243K ÷ $78,283K
= 9.75
The payables turnover ratio for National Beverage Corp has shown an increasing trend over the past five years, indicating an improvement in the company's ability to efficiently manage its accounts payable.
In April 2024, the payables turnover ratio reached 9.75, the highest among the five years analyzed. This indicates that the company is paying off its suppliers nearly 10 times a year, which suggests a faster turnover of accounts payable and potentially better management of vendor relationships.
Comparing this to previous years, the payables turnover ratio has steadily increased from 8.47 in May 2020 to 9.75 in April 2024. This upward trend suggests that National Beverage Corp has been more effective in managing its payables over time.
Overall, the increasing trend in payables turnover ratio reflects positively on the company's liquidity and efficiency in managing its financial obligations to suppliers. It indicates that National Beverage Corp has been able to improve its payment cycles and maintain good relationships with its vendors.
Peer comparison
Apr 27, 2024