Lamb Weston Holdings Inc (LW)
Payables turnover
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,700,900 | 5,403,700 | 3,918,500 | 4,476,500 | 3,266,900 |
| Payables | US$ in thousands | — | 833,800 | — | 636,600 | — |
| Payables turnover | — | 6.48 | — | 7.03 | — |
May 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,700,900K ÷ $—K
= —
The payables turnover ratio for Lamb Weston Holdings Inc has shown some fluctuations over the past few years.
In May 2023, the payables turnover was not reported, indicating a lack of available data for that period.
However, in May 2024, the payables turnover ratio was 6.48, which means that the company was able to pay off its accounts payable approximately 6.48 times during the year. This suggests that Lamb Weston Holdings Inc managed its accounts payable effectively, indicating a good ability to manage its short-term obligations.
Overall, while there were fluctuations in the reported data, the payables turnover ratio for Lamb Weston Holdings Inc generally indicates efficient management of trade payables during the analyzed periods.
Peer comparison
May 31, 2024