GMS Inc (GMS)
Payables turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,019,080 | 4,787,360 | 4,183,820 | 3,082,160 | 3,116,700 |
| Payables | US$ in thousands | 420,237 | 377,003 | 367,315 | 322,965 | 248,902 |
| Payables turnover | 11.94 | 12.70 | 11.39 | 9.54 | 12.52 |
April 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,019,080K ÷ $420,237K
= 11.94
The payables turnover of GMS Inc has fluctuated over the past five years. In particular:
- The payables turnover was highest in April 2023 at 12.70 and lowest in April 2021 at 9.54.
- There was a significant increase in payables turnover from April 2021 to April 2022, followed by a slight decrease in the subsequent year.
- In April 2024, the payables turnover was 11.94, indicating that the company takes approximately 11.94 days to pay off its accounts payable, on average.
Overall, the trend in payables turnover suggests that GMS Inc has been efficient in managing its accounts payable, with some fluctuations in payment timelines over the years.
Peer comparison
Apr 30, 2024