National Beverage Corp (FIZZ)
Payables turnover
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 763,243 | 759,238 | 759,765 | 767,186 | 776,143 | 778,384 | 769,947 | 751,983 | 720,208 | 694,156 | 679,299 | 661,386 | 650,594 | 653,920 | 644,372 | 639,409 | 630,254 | 621,847 | 621,466 | 619,854 |
| Payables | US$ in thousands | 78,283 | 73,310 | 80,003 | 87,323 | 85,106 | 68,988 | 84,378 | 76,151 | 95,299 | 68,517 | 90,347 | 84,920 | 88,754 | 71,368 | 80,544 | 74,467 | 74,369 | 58,931 | 60,829 | 65,709 |
| Payables turnover | 9.75 | 10.36 | 9.50 | 8.79 | 9.12 | 11.28 | 9.12 | 9.87 | 7.56 | 10.13 | 7.52 | 7.79 | 7.33 | 9.16 | 8.00 | 8.59 | 8.47 | 10.55 | 10.22 | 9.43 |
April 27, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $763,243K ÷ $78,283K
= 9.75
The payables turnover for National Beverage Corp has fluctuated over the periods provided in the table. The highest payables turnover was 11.28 in January 28, 2023, indicating that the company was able to pay off its accounts payable almost 11.28 times during that period. This suggests a shorter average period to settle its payables.
On the other hand, the lowest payables turnover of 7.33 in July 31, 2021, shows that the company took longer to pay off its accounts payable during that period. Overall, the payables turnover has shown some variability, with an average payables turnover of approximately 9.23 based on the data provided.
A higher payables turnover ratio typically suggests efficient management of accounts payable and indicates that the company is paying its suppliers more quickly. Conversely, a lower payables turnover ratio may indicate that the company is taking longer to pay its suppliers. Monitoring this ratio over time can provide insights into the company's liquidity management and supplier relationships.
Peer comparison
Apr 27, 2024