Leslies Inc (LESL)
Payables turnover
| 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 | 1,259,017 | 1,270,849 | 1,268,856 | 1,274,867 | 1,365,354 | 1,341,296 | 1,290,048 | 1,218,662 | 1,178,133 | 1,148,974 | |||
| Payables | US$ in thousands | 63,541 | 58,556 | 147,437 | 139,804 | 117,269 | 156,456 | 218,953 | 160,909 | 99,540 | 100,960 | 155,525 | 181,524 | 69,046 |
| Payables turnover | 19.81 | 21.70 | 8.61 | 9.12 | 11.64 | 8.57 | 5.89 | 7.57 | 11.84 | 11.38 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,259,017K ÷ $63,541K
= 19.81
Payables turnover measures how efficiently a company is managing its accounts payable by evaluating how quickly it pays its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly.
Analyzing Leslies Inc's payables turnover ratio over the past years, we can see fluctuations in the ratio. In the latest period, the payables turnover ratio was 19.81, indicating that the company paid its suppliers approximately 19.81 times during that period. This represents a significant increase from the previous quarter where the ratio was 21.70.
The company's payables turnover has been volatile over the past few years, with varying levels of efficiency in managing its accounts payable. The highest payables turnover ratio was observed in September 2023, while the lowest was in June 2022.
It is crucial to assess the trend of payables turnover over time to understand if the company's payment practices are becoming more efficient or if there are underlying issues causing fluctuations. Further analysis of the company's financial statements and operational performance is recommended to gain a comprehensive understanding of its payables turnover ratio.
Peer comparison
Dec 31, 2023