Foot Locker Inc (FL)
Payables turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,666,000 | 8,034,000 | 5,895,000 | 5,955,000 | 8,136,000 |
| Payables | US$ in thousands | — | 366,000 | — | — | 492,000 |
| Payables turnover | — | 21.95 | — | — | 16.54 |
January 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,666,000K ÷ $—K
= —
The payables turnover ratio measures how efficiently a company is managing its accounts payable by indicating how many times a company pays off its suppliers during a specific period.
Looking at the data provided for Foot Locker Inc, we observe the following:
- On January 28, 2023, the payables turnover ratio was 16.54, indicating that the company paid off its suppliers approximately 16.54 times during that period.
- On January 31, 2023, the data is not available (indicated as "—"), so we cannot draw any conclusions for that specific date.
- There is also missing data for January 31, 2024.
- On February 3, 2024, the payables turnover ratio improved to 21.95, meaning the company increased its payment frequency to suppliers.
- The data for January 31, 2025 is not available for analysis.
In general, a higher payables turnover ratio suggests that the company is managing its accounts payable efficiently by paying suppliers promptly. Conversely, a lower ratio may indicate that the company is taking longer to settle its payables, potentially leading to strained supplier relationships or missed prompt payment discounts.
It is crucial for Foot Locker Inc to closely monitor its payables turnover ratio over time to ensure effective management of its working capital and relationships with suppliers.
Peer comparison
Jan 31, 2025