Vail Resorts Inc (MTN)
Payables turnover
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 424,796 | 417,323 | 417,934 | 414,524 | 412,410 | 396,662 | 393,220 | 389,301 | 386,176 | 358,850 | 357,266 | 357,859 | 358,998 | 331,748 | 371,594 | 383,154 | 388,408 | 430,606 | 381,949 | 362,964 |
| Payables | US$ in thousands | 141,246 | 103,451 | 130,796 | 161,581 | 148,521 | 114,164 | 179,221 | 162,366 | 151,263 | 104,101 | 137,895 | 116,501 | 98,261 | 64,412 | 86,251 | 74,609 | 59,692 | 62,101 | 126,836 | 141,714 |
| Payables turnover | 3.01 | 4.03 | 3.20 | 2.57 | 2.78 | 3.47 | 2.19 | 2.40 | 2.55 | 3.45 | 2.59 | 3.07 | 3.65 | 5.15 | 4.31 | 5.14 | 6.51 | 6.93 | 3.01 | 2.56 |
July 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $424,796K ÷ $141,246K
= 3.01
The payables turnover ratio for Vail Resorts Inc has shown variability over the past few periods. The ratio measures how efficiently the company is managing its accounts payable by calculating how many times a company pays off its average accounts payable balance during a specific period.
From October 2019 to July 2020, the payables turnover ratio ranged between 2.56 and 6.93, indicating fluctuations in the company's ability to manage its payables efficiently. There was a notable increase in the ratio in January 2021 to January 2022, suggesting the company was paying off its accounts payable more frequently during those periods.
However, from January 2022 to July 2024, the ratio has been mostly stable between 2.19 and 4.03, indicating a consistent performance in managing payables during this period. It is essential for investors and analysts to monitor this ratio as it provides insights into the company's liquidity and relationships with its suppliers.
Peer comparison
Jul 31, 2024