Grocery Outlet Holding Corp (GO)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,587,469 | 3,479,364 | 3,406,506 | 3,303,480 | 3,450,555 | 3,335,951 | 3,183,288 | 3,060,191 | 2,972,872 | 2,988,384 | 2,977,459 | 2,990,703 | 2,989,181 | 2,847,390 | 2,743,180 | |||
| Payables | US$ in thousands | 209,354 | 183,982 | 147,220 | — | 137,631 | — | — | — | 122,110 | — | — | — | — | — | — | — | — | — |
| Payables turnover | 17.14 | 18.91 | 23.14 | — | 25.07 | — | — | — | 24.35 | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,587,469K ÷ $209,354K
= 17.14
The payables turnover ratio for Grocery Outlet Holding Corp has fluctuated over the periods provided, indicating variations in how quickly the company is paying off its suppliers. The ratio was 17.14 as of December 31, 2023, decreased to 18.91 as of September 30, 2023, and further decreased to 23.14 as of June 30, 2023. Unfortunately, data for March 31, 2023, is not available.
Comparing to previous periods, we see a general trend of improvement in the payables turnover ratio, with a peak of 25.07 as of December 31, 2022. This suggests that Grocery Outlet Holding Corp has been managing its payables more efficiently and paying off its suppliers at a faster rate over time. This improvement in the payables turnover ratio can indicate better working capital management and stronger relationships with suppliers. However, further analysis would be needed to understand the specific factors driving these changes and their implications for the company's financial performance.
Peer comparison
Dec 31, 2023