Macy’s Inc (M)
Payables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 23,718,000 | 23,863,000 | 23,305,000 | 22,873,000 | 24,709,000 |
| Payables | US$ in thousands | 1,913,000 | 2,053,000 | 2,222,000 | 1,978,000 | 1,682,000 |
| Payables turnover | 12.40 | 11.62 | 10.49 | 11.56 | 14.69 |
February 3, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $23,718,000K ÷ $1,913,000K
= 12.40
Macy's Inc payables turnover has fluctuated over the past five years, with the highest value recorded in February 2020 at 14.69 and the lowest in January 2022 at 10.49. The payables turnover ratio indicates the number of times a company pays off its accounts payable during a specific period. A higher payables turnover ratio generally suggests that the company is managing its accounts payable efficiently by paying suppliers more frequently.
In Macy's case, the payables turnover ratio has shown some variability, but overall, it has remained relatively stable, ranging from 10.49 to 14.69. This could reflect Macy's efforts to effectively manage its payables and maintain good relationships with its suppliers. However, it is crucial to consider industry benchmarks and compare Macy's payables turnover ratio with its competitors to gain further insights into the company's payables management performance.
Peer comparison
Feb 3, 2024