GameStop Corp (GME)
Payables turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,709,100 | 3,978,600 | 4,033,900 | 4,555,100 | 4,555,100 |
| Payables | US$ in thousands | — | 324,000 | — | — | 531,300 |
| Payables turnover | — | 12.28 | — | — | 8.57 |
January 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,709,100K ÷ $—K
= —
The payables turnover ratio provides insight into how efficiently a company is managing its trade payables. Looking at the data provided for GameStop Corp, we can see fluctuations in the payables turnover over the years.
As of January 28, 2023, GameStop Corp had a payables turnover of 8.57, indicating that, on average, the company paid off its trade payables approximately 8.57 times during the period. However, no specific data is available for January 31, 2023, and January 31, 2024.
On February 3, 2024, the payables turnover ratio increased significantly to 12.28, which suggests that GameStop Corp was able to pay off its trade payables more frequently in that period compared to previous years.
Unfortunately, no data is available for January 31, 2025, making it difficult to provide a complete trend analysis.
Overall, the payables turnover ratio fluctuated over the years, indicating variations in how effectively GameStop Corp managed its trade payables. It is important to continue monitoring this ratio to assess the company's ongoing efficiency in paying its suppliers.