Kroger Company (KR)
Payables turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Nov 4, 2023 | Oct 31, 2023 | Aug 12, 2023 | Jul 31, 2023 | May 20, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 28, 2023 | Nov 5, 2022 | Oct 31, 2022 | Aug 13, 2022 | Jul 31, 2022 | May 21, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 114,698,000 | 118,251,000 | 121,675,000 | 121,884,000 | 112,259,000 | 108,786,000 | 105,889,000 | 114,490,000 | 123,093,000 | 123,872,000 | 97,557,000 | 89,365,000 | 81,175,000 | 81,310,000 | 109,226,000 | 117,283,000 | 126,235,000 | 124,572,000 | 123,455,000 | 113,555,000 |
| Payables | US$ in thousands | — | — | — | — | 10,381,000 | — | 8,149,000 | — | 7,597,000 | — | 7,353,000 | — | — | 7,119,000 | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | 10.81 | — | 12.99 | — | 16.20 | — | 13.27 | — | — | 11.42 | — | — | — | — | — | — |
January 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $114,698,000K ÷ $—K
= —
Kroger Company's payables turnover ratio reflects how efficiently the company manages its accounts payable by measuring the number of times a company pays off its average accounts payable balance during a period.
Based on the available data, Kroger's payables turnover ratio ranged from a low of 10.81 to a high of 16.20 over the period from February 3, 2024, to August 12, 2023. This indicates that Kroger is effectively managing its accounts payable, as higher turnover ratios generally signify better liquidity and faster payment of outstanding obligations.
The payables turnover ratio for Kroger has shown fluctuation over the reported period, with significant improvements noted in some quarters. For example, the payables turnover ratio increased from 10.81 on February 3, 2024, to 16.20 on August 12, 2023. This upward trend suggests that Kroger may be streamlining its payables management processes, negotiating better payment terms, or possibly taking advantage of discounts for early payment.
However, it is important to note that the payables turnover ratio was not reported for several periods, including April 30, 2022, May 21, 2022, and so on. This lack of data for certain periods impedes a comprehensive analysis of Kroger's payables turnover trend.
In conclusion, based on the available data points, Kroger's payables turnover ratio demonstrates efficient management of its accounts payable. A consistent monitoring of this ratio over time can provide insights into the company's liquidity position, payment practices, and supplier relationships.
Peer comparison
Jan 31, 2025