Macy’s Inc (M)
Payables turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 13,739,000 | 17,408,000 | 19,620,000 | 19,584,000 | 21,595,000 | 16,111,000 | 16,195,000 | 16,281,000 | 16,264,000 | 18,538,000 | 21,442,000 | 21,658,000 | 21,994,000 | 20,173,000 | 17,514,000 | 17,541,000 | 17,771,000 | 22,359,000 | 20,161,000 | 22,110,000 |
| Payables | US$ in thousands | — | — | — | — | 1,913,000 | — | — | 3,466,000 | — | 1,978,000 | — | 2,415,000 | — | 2,053,000 | — | 3,861,000 | — | 2,290,000 | — | — |
| Payables turnover | — | — | — | — | 11.29 | — | — | 4.70 | — | 9.37 | — | 8.97 | — | 9.83 | — | 4.54 | — | 9.76 | — | — |
January 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $13,739,000K ÷ $—K
= —
The payables turnover ratio for Macy's Inc has shown fluctuations over the analyzed periods. The data indicates that the payables turnover ratio was not available for certain reporting periods, suggesting potential irregularities in the timing of payments to suppliers or changes in accounting practices.
Specifically, the payables turnover ratio was recorded at 9.76 for July 30, 2022, 4.54 for October 29, 2022, 9.83 for January 28, 2023, 8.97 for April 29, 2023, 9.37 for July 29, 2023, 4.70 for October 28, 2023, and 11.29 for February 3, 2024.
A higher payables turnover ratio typically indicates that the company is paying its suppliers more frequently, which may imply efficient working capital management. On the other hand, a lower ratio could suggest that the company is taking longer to pay its suppliers, potentially signaling liquidity issues or strained vendor relationships.
Overall, it would be beneficial to closely monitor the payables turnover ratio for future reporting periods to assess the company's ability to effectively manage its accounts payable and its relationships with suppliers.
Peer comparison
Jan 31, 2025