Leslies Inc (LESL)
Payables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,291,792 | 1,314,094 | 1,337,435 | 1,356,674 | 1,368,506 | 1,366,513 | 1,372,524 | 1,365,354 | 1,341,296 | 1,290,048 | 1,218,662 | 1,178,133 | 1,148,974 | |||
| Payables | US$ in thousands | 67,622 | 108,935 | 112,441 | 63,541 | 58,556 | 147,436 | 139,804 | 117,269 | 156,456 | 218,953 | 160,909 | 99,540 | 100,960 | 155,525 | 181,524 | 69,046 |
| Payables turnover | 19.10 | 12.06 | 11.89 | 21.35 | 23.37 | 9.27 | 9.82 | 11.64 | 8.57 | 5.89 | 7.57 | 11.84 | 11.38 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,291,792K ÷ $67,622K
= 19.10
Leslies Inc's payables turnover ratio has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is managing its accounts payable by paying off its suppliers.
In September 2024, the payables turnover ratio was 19.10, which demonstrates that the company paid off its suppliers approximately 19 times during that period. This was a significant improvement compared to the previous quarter, where the ratio was 12.06.
The trend in the payables turnover ratio for Leslies Inc has been variable, with some quarters showing higher turnover rates and others exhibiting lower turnover rates. The company's ability to negotiate favorable payment terms with its suppliers and effectively manage its working capital needs can impact this ratio.
It is essential for Leslies Inc to closely monitor its payables turnover ratio to ensure that it strikes a balance between timely payments to suppliers and maintaining healthy cash flows. Additionally, analyzing this ratio in conjunction with other liquidity and efficiency ratios can provide a more comprehensive view of the company's overall financial health and operational efficiency.
Peer comparison
Sep 30, 2024