Lululemon Athletica Inc. (LULU)

Payables turnover

		Jan 31, 2025	Jan 31, 2024	Jan 28, 2024	Jan 31, 2023	Jan 29, 2023
Cost of revenue	US$ in thousands	4,317,320	4,009,870	7,412,100	3,618,180	6,792,340
Payables	US$ in thousands	—	—	348,441	—	172,732
Payables turnover		—	—	21.27	—	39.32

January 31, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $4,317,320K ÷ $—K
= —

Lululemon Athletica Inc.'s payables turnover ratio has shown some fluctuations over the provided periods. As of January 29, 2023, the payables turnover ratio stood at 39.32, indicating that the company was able to pay off its suppliers approximately 39 times during that period. This high turnover ratio suggests that Lululemon is efficiently managing its accounts payable.

However, in the subsequent periods, specifically as of January 28, 2024, the payables turnover ratio decreased to 21.27. This lower ratio may imply that Lululemon took a longer time to pay off its suppliers compared to the previous period. It could be due to various factors such as changes in payment terms or an increase in the volume of payables.

Unfortunately, for the periods of January 31, 2023 and January 31, 2024, the payables turnover ratios are not provided (denoted by "—"). Without this data, it is challenging to assess the company's payment efficiency during these periods accurately.

In analyzing these ratios, it is essential to consider industry benchmarks and trends over time to gain a comprehensive understanding of Lululemon's payables management performance.