GameStop Corp (GME)
Payables turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,709,100 | 3,164,300 | 3,935,600 | 4,182,600 | 4,341,800 | 3,825,300 | 3,308,800 | 3,462,100 | 3,615,400 | 4,484,100 | 5,352,800 | 5,297,800 | 5,242,800 | 4,370,000 | 3,497,200 | 3,682,300 | 4,663,200 | 5,685,100 | 5,809,300 | 5,707,400 |
| Payables | US$ in thousands | — | — | — | — | 324,000 | — | — | 812,700 | — | 378,000 | — | 561,400 | — | 531,300 | — | 888,400 | — | 217,400 | — | — |
| Payables turnover | — | — | — | — | 13.40 | — | — | 4.26 | — | 11.86 | — | 9.44 | — | 8.23 | — | 4.14 | — | 26.15 | — | — |
January 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,709,100K ÷ $—K
= —
The payables turnover ratio reflects how efficiently a company is managing its trade credit obligations. Based on the data provided for GameStop Corp, the payables turnover ratio fluctuated over the period analyzed.
The payables turnover for GameStop Corp was not calculable for January 31, 2022, April 30, 2022, July 31, 2022, October 31, 2022, January 31, 2023, April 30, 2023, July 31, 2023, October 31, 2023, January 31, 2024, April 30, 2024, July 31, 2024, October 31, 2024, and January 31, 2025. When data was available, the payables turnover varied significantly, with the highest ratio recorded on July 29, 2023, at 11.86 and the lowest on October 28, 2023, at 4.26.
A higher payables turnover ratio indicates that GameStop Corp is paying off its suppliers more frequently, which could be beneficial in terms of maintaining good relationships with suppliers but may also indicate a cash crunch. On the other hand, a lower payables turnover ratio may suggest that the company is taking longer to pay its suppliers, potentially benefitting from extended payment terms but may also indicate inefficiencies in managing trade credit.
It is essential for stakeholders to analyze the payables turnover ratio in conjunction with other financial metrics to get a comprehensive understanding of GameStop Corp's financial performance and efficiency in managing its trade credit obligations.