Vail Resorts Inc (MTN)
Payables turnover
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 424,796 | 412,410 | 386,176 | 358,998 | 389,641 |
| Payables | US$ in thousands | 141,246 | 148,521 | 151,263 | 98,261 | 59,692 |
| Payables turnover | 3.01 | 2.78 | 2.55 | 3.65 | 6.53 |
July 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $424,796K ÷ $141,246K
= 3.01
The payables turnover ratio for Vail Resorts Inc has been fluctuating over the past five years. In 2024, the payables turnover ratio was 3.01, which indicates that the company took approximately 3.01 times to pay off its accounts payable during the year. Compared to the previous year, the ratio has slightly increased from 2.78 in 2023.
In 2022, the payables turnover ratio was 2.55, showing a decrease from the previous year. This suggests that in 2022, the company took longer to pay off its suppliers compared to the previous year.
The payables turnover ratio significantly increased to 3.65 in 2021, which indicates that the company improved its efficiency in managing its payables. Furthermore, in 2020, the payables turnover ratio was notably higher at 6.53, signifying that the company was managing its payables more effectively in that year.
Overall, the fluctuation in Vail Resorts Inc's payables turnover ratio over the years indicates varying levels of efficiency in managing its accounts payable. It is important for the company to monitor this ratio closely to ensure prompt payment to suppliers while also optimizing its cash flow management.
Peer comparison
Jul 31, 2024