Lululemon Athletica Inc. (LULU)
Payables turnover
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 7,412,100 | 5,596,567 | 5,309,427 | 5,056,817 | 4,810,557 | 5,874,570 | 5,562,910 | 5,246,230 | 4,926,250 | 4,658,490 | 4,379,213 | 4,004,327 | 3,592,443 | 3,301,517 | 3,128,303 | 3,057,939 | 3,090,186 | 2,945,220 | 2,816,663 | 2,690,585 |
| Payables | US$ in thousands | 348,441 | 309,324 | 298,914 | 287,464 | 172,732 | 300,870 | 259,927 | 308,086 | 289,728 | 227,067 | 203,546 | 196,934 | 172,246 | 160,779 | 122,767 | 78,940 | 79,997 | 116,281 | 110,513 | 88,258 |
| Payables turnover | 21.27 | 18.09 | 17.76 | 17.59 | 27.85 | 19.53 | 21.40 | 17.03 | 17.00 | 20.52 | 21.51 | 20.33 | 20.86 | 20.53 | 25.48 | 38.74 | 38.63 | 25.33 | 25.49 | 30.49 |
January 28, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,412,100K ÷ $348,441K
= 21.27
The payables turnover ratio for Lululemon Athletica Inc. has shown some fluctuation over the recent quarters. The payables turnover indicates how efficiently a company pays its suppliers. A higher ratio implies that the company is paying its suppliers more frequently, while a lower ratio suggests a longer payment cycle.
In the latest available quarter, the payables turnover stood at 21.27, which was higher than the previous quarter at 18.09. This suggests that Lululemon Athletica Inc. was able to pay its suppliers more frequently in the most recent quarter.
Looking at the trend over the past few quarters, the payables turnover has generally been relatively high, fluctuating between 17.00 and 38.74. This indicates that the company has been managing its payables efficiently and effectively.
Overall, the payables turnover ratio for Lululemon Athletica Inc. reflects a consistent and efficient management of its accounts payable, with periods of both higher and lower turnover rates, possibly reflecting variations in the company's purchasing and payment patterns.
Peer comparison
Jan 28, 2024