National Beverage Corp (FIZZ)
Payables turnover
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 763,243 | 763,243 | 776,143 | 776,143 | 720,208 |
| Payables | US$ in thousands | — | 78,283 | — | 85,106 | — |
| Payables turnover | — | 9.75 | — | 9.12 | — |
April 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $763,243K ÷ $—K
= —
National Beverage Corp's payables turnover ratio measures how efficiently the company manages its accounts payables by calculating how many times the company pays off its suppliers within a specific period.
Based on the provided data:
- In April 29, 2023, the payables turnover ratio was 9.12 times. This indicates that, on average, National Beverage Corp paid its suppliers approximately 9.12 times during the fiscal year.
- In April 27, 2024, the payables turnover ratio improved to 9.75 times. This suggests that the company was able to pay off its suppliers more frequently during the fiscal year compared to the prior period.
However, there is missing data for April 30, 2022, and April 30, 2023, which limits the ability to track the trend of the payables turnover ratio over time. It would be beneficial to have the complete set of data to provide a more comprehensive analysis of the company's payables turnover performance.
Peer comparison
Apr 30, 2024