Lowe's Companies Inc (LOW)
Payables turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 2, 2024 | Jan 31, 2024 | Nov 3, 2023 | Oct 31, 2023 | Aug 4, 2023 | Jul 31, 2023 | Apr 30, 2023 | Feb 3, 2023 | Jan 31, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | Apr 30, 2022 | Apr 29, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 56,223,000 | 60,681,000 | 60,325,000 | 62,409,000 | 61,287,000 | 65,443,000 | 68,982,000 | 66,027,000 | 75,250,000 | 69,369,000 | 68,473,000 | 78,276,000 | 74,265,000 | 82,323,000 | 82,716,000 | 78,450,000 | 73,970,000 | 70,213,000 | 70,451,000 | 70,223,000 |
| Payables | US$ in thousands | — | — | — | — | 8,704,000 | — | 9,914,000 | — | 10,333,000 | — | — | 10,524,000 | — | — | 12,249,000 | — | 12,631,000 | — | 13,831,000 | — |
| Payables turnover | — | — | — | — | 7.04 | — | 6.96 | — | 7.28 | — | — | 7.44 | — | — | 6.75 | — | 5.86 | — | 5.09 | — |
January 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $56,223,000K ÷ $—K
= —
The payables turnover ratio for Lowe's Companies Inc fluctuated over the period provided in the data. The payables turnover ratio indicates how many times a company pays off its accounts payable during a specific period. A higher payables turnover ratio typically suggests that the company is managing its payables efficiently by paying suppliers promptly.
In this case, the payables turnover ratio for Lowe's Companies Inc ranged between 5.09 and 7.44 during the period analyzed. The company showed an increasing trend in its payables turnover ratio, indicating that it might be improving its payment efficiency over time. This could be interpreted positively as it may signify better management of supplier payments and potentially stronger supplier relationships.
However, it is also worth noting that there were gaps in the data with some periods showing no available payables turnover ratio. This could be due to various reasons such as accounting adjustments, changes in reporting practices, or missing data points. It is important to consider the completeness of data when interpreting ratios to ensure a more accurate assessment of a company's financial performance.
Peer comparison
Jan 31, 2025