Ollie's Bargain Outlet Hldg (OLLI)
Payables turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,874,863 | 1,805,654 | 1,753,213 | 1,727,178 | 1,696,084 | 1,657,681 | 1,622,415 | 1,556,653 | 1,548,403 | 1,535,769 | 1,539,092 | 1,606,204 | 1,531,316 | 1,458,129 | 1,392,848 | 1,258,675 | 1,236,362 | 1,210,517 | 1,173,518 | 1,123,639 |
| Payables | US$ in thousands | 128,097 | 105,440 | 121,144 | 99,554 | 90,204 | 83,210 | 96,643 | 101,109 | 106,599 | 121,893 | 92,798 | 90,378 | 117,217 | 124,823 | 107,685 | 56,642 | 63,223 | 77,818 | 91,860 | 92,738 |
| Payables turnover | 14.64 | 17.12 | 14.47 | 17.35 | 18.80 | 19.92 | 16.79 | 15.40 | 14.53 | 12.60 | 16.59 | 17.77 | 13.06 | 11.68 | 12.93 | 22.22 | 19.56 | 15.56 | 12.78 | 12.12 |
February 3, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,874,863K ÷ $128,097K
= 14.64
The payables turnover ratio for Ollie's Bargain Outlet Hldg has fluctuated over the past few periods, ranging from 11.68 to 22.22. This ratio measures how efficiently the company is managing its accounts payable by showing how many times it pays off its suppliers within a given period.
A higher payables turnover ratio indicates that the company is paying off its suppliers more frequently, which can be a sign of effective cash management and strong supplier relationships. Conversely, a lower payables turnover ratio may suggest that the company is taking longer to pay its suppliers, potentially indicating liquidity issues or strained relationships with vendors.
In the case of Ollie's Bargain Outlet Hldg, the payables turnover ratio has generally been at a healthy range, with some fluctuations. The company appears to be managing its accounts payable efficiently, with some periods showing higher turnover than others. Overall, it is important for the company to monitor this ratio to ensure optimal cash flow management and maintain positive relationships with its suppliers.
Peer comparison
Feb 3, 2024