Home Depot Inc (HD)

Payables turnover

		Jan 31, 2025	Jan 31, 2024	Jan 28, 2024	Jan 31, 2023	Jan 29, 2023
Cost of revenue	US$ in thousands	106,206,000	101,709,000	101,709,000	104,625,000	104,625,000
Payables	US$ in thousands	—	—	10,037,000	—	11,443,000
Payables turnover		—	—	10.13	—	9.14

January 31, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $106,206,000K ÷ $—K
= —

The payables turnover ratio for Home Depot Inc has shown considerable variation over the years. In January 2023, the payables turnover was 9.14, indicating that the company's payables turnover rate was 9.14 times during that period. The lack of data for January 31, 2023, suggests a possible reporting issue or that the ratio might not have been meaningful for that specific period.

Moving forward to January 28, 2024, the payables turnover improved significantly to 10.13, showcasing an increase in efficiency in paying off its accounts payable. The absence of data for January 31, 2024 and 2025 makes it challenging to track the trend consistently.

The payables turnover ratio is a critical indicator of how effectively the company is managing its accounts payable in relation to its cost of goods sold. A higher ratio typically signifies that the company is paying off its suppliers more frequently, which can be a positive sign of financial health and effective working capital management. However, without a complete set of data points, it is challenging to draw definitive conclusions about Home Depot Inc's payables turnover performance across all periods. Additional information would be beneficial in order to provide a more comprehensive analysis.