Macy’s Inc (M)
Payables turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 13,740,000 | 23,718,000 | 14,143,000 | 15,306,000 | 23,863,000 |
| Payables | US$ in thousands | — | 1,913,000 | — | — | 2,053,000 |
| Payables turnover | — | 12.40 | — | — | 11.62 |
January 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $13,740,000K ÷ $—K
= —
The payables turnover ratio for Macy's Inc has demonstrated some variability over the years. Based on the data provided, the payables turnover ratio was 11.62 as of January 28, 2023, it was not available for January 31, 2023 and January 31, 2024. However, the ratio improved to 12.40 as of February 3, 2024. Subsequently, there was no data available for January 31, 2025.
The payables turnover ratio measures how efficiently a company is managing its accounts payable by evaluating how many times a company pays off its suppliers during a specific period. A higher turnover ratio generally indicates that the company is paying its suppliers more frequently, which can be a positive sign of strong liquidity management.
It is important to note that payables turnover ratios can be influenced by various factors such as payment terms negotiated with suppliers, seasonal fluctuations, and changes in the company's overall operating efficiency. Further analysis and comparison with industry benchmarks would provide additional insights into Macy's Inc's payables management efficiency.
Peer comparison
Jan 31, 2025