Leslies Inc (LESL)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,306,080 | 1,383,170 | 1,354,140 | 1,160,380 |
| Payables | US$ in thousands | 67,622 | 58,556 | 156,456 | 100,960 |
| Payables turnover | 19.31 | 23.62 | 8.66 | 11.49 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,306,080K ÷ $67,622K
= 19.31
Leslies Inc's payables turnover ratio has fluctuated over the past four years. The ratio stood at 19.31 in 2024, which indicates that the company paid off its accounts payable approximately 19.31 times during the year. This represents a decrease compared to the previous year's ratio of 23.62 in 2023.
The 2024 ratio of 19.31 suggests that Leslies Inc is managing its accounts payable effectively, as a higher turnover indicates that the company is paying its suppliers more frequently.
However, it's important to note that the payables turnover ratio should be analyzed in conjunction with other ratios and factors to gain a more comprehensive understanding of the company's overall financial performance and liquidity management. Fluctuations in the ratio may be influenced by changes in the company's purchasing and payment policies, business cycle shifts, or supplier relationships.
Peer comparison
Sep 30, 2024