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

Company name
Symbol
Payables turnover
Grocery Outlet Holding Corp
GO
17.14
Kroger Company
KR
11.36
Sprouts Farmers Market LLC
SFM
32.96