CarMax Inc (KMX)
Payables turnover
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 23,292,130 | 23,282,090 | 23,406,100 | 23,888,200 | 23,893,930 | 24,287,520 | 25,318,110 | 26,884,670 | 28,748,870 | 30,510,800 | 30,276,020 | 28,612,880 | 26,160,060 | 23,022,370 | 20,469,510 | 16,571,020 | 16,337,760 | 15,960,630 | 15,848,310 | 17,597,650 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
November 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $23,292,130K ÷ $—K
= —
The payables turnover ratio for CarMax Inc is not available for the provided periods from February 29, 2020, to November 30, 2024. Payables turnover is a financial ratio that measures how efficiently a company manages its payable obligations by comparing the total purchases on credit to the average accounts payable during a specific period. Ideally, a higher payables turnover ratio indicates that the company is paying its suppliers quickly and effectively managing its accounts payable.
However, without specific data points for CarMax Inc's payables turnover ratio, it is challenging to provide an in-depth analysis of the company's payment practices and efficiency in managing its trade payables. Payables turnover is a critical metric as it reflects the company's relationship with its suppliers, liquidity position, and working capital management strategies. It is advisable for investors and stakeholders to review this ratio along with other financial indicators to get a comprehensive understanding of CarMax Inc's financial performance and operational efficiency.
Peer comparison
Nov 30, 2024