Home Depot Inc (HD)
Payables turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 106,893,000 | 103,501,000 | 99,987,000 | 96,200,000 | 96,500,000 | 101,981,000 | 107,462,000 | 107,190,000 | 106,123,000 | 101,269,000 | 98,158,000 | 99,106,000 | 104,510,000 | 106,368,000 | 106,483,000 | 104,692,000 | 99,240,000 | 97,734,000 | 99,424,000 | 103,020,000 |
| Payables | US$ in thousands | — | — | — | — | — | 10,037,000 | — | 11,478,000 | — | 12,104,000 | — | — | 11,443,000 | — | 12,402,000 | — | 15,367,000 | — | — | 13,462,000 |
| Payables turnover | — | — | — | — | — | 10.16 | — | 9.34 | — | 8.37 | — | — | 9.13 | — | 8.59 | — | 6.46 | — | — | 7.65 |
January 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $106,893,000K ÷ $—K
= —
The payables turnover ratio is a liquidity ratio that measures how efficiently a company manages its accounts payable by comparing the amount of purchases made on credit to the average accounts payable balance. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently during the period.
For Home Depot Inc, the payables turnover ratio ranged from 6.46 to 10.16 during the period from January 2022 to January 2025. The company's payables turnover ratio witnessed fluctuations over time, with the highest value recorded in January 2024.
The increasing trend in the payables turnover ratio indicates that Home Depot Inc is managing its accounts payable more effectively and is paying its suppliers at a faster rate. This could be a positive sign of efficient working capital management and strong vendor relationships.
However, the presence of certain months where the payables turnover ratio was not available (indicated by "—") raises questions about the reliability and consistency of the data. It is important to ensure the accuracy and completeness of financial information to make informed decisions based on financial ratios like the payables turnover.
Peer comparison
Jan 31, 2025