Lowe's Companies Inc (LOW)
Payables turnover
| Jan 31, 2025 | Feb 2, 2024 | Jan 31, 2024 | Feb 3, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 55,797,000 | 74,820,000 | 57,533,000 | 91,058,000 | 64,802,000 |
| Payables | US$ in thousands | — | 8,704,000 | — | 10,524,000 | — |
| Payables turnover | — | 8.60 | — | 8.65 | — |
January 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $55,797,000K ÷ $—K
= —
The payables turnover ratio for Lowe's Companies Inc shows a stable trend over the past couple of years. For the fiscal years ending in January 31, 2023 and January 31, 2025, the payables turnover ratios were not available ("—"), indicating a lack of data or potentially significant changes in the company's payables management during those periods.
However, for the fiscal years ending in February 3, 2023, February 2, 2024, the payables turnover ratios were 8.65 and 8.60, respectively. This signifies that Lowe's is able to efficiently manage its accounts payables by paying off its suppliers approximately 8.6 times a year on average.
Overall, the consistent payables turnover ratios suggest that Lowe's is effectively managing its payables and efficiently utilizing its cash flow resources to meet its financial obligations to suppliers within a reasonable time frame. It indicates a healthy relationship with suppliers and a disciplined approach to managing working capital.
Peer comparison
Jan 31, 2025