Dave & Buster’s Entertainment (PLAY)

Payables turnover

		Feb 4, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Cost of revenue (ttm)	US$ in thousands	337,000	333,764	337,164	329,164	308,864	276,676	253,089	235,200	204,971	170,336	135,631	86,604	74,905	114,447	148,719	199,658	233,311	232,362	228,916	224,849
Payables	US$ in thousands	118,600	69,600	69,600	64,000	84,700	57,216	67,444	54,528	62,493	39,295	34,227	39,418	36,400	42,849	59,539	79,083	65,359	65,538	53,898	48,862
Payables turnover		2.84	4.80	4.84	5.14	3.65	4.84	3.75	4.31	3.28	4.33	3.96	2.20	2.06	2.67	2.50	2.52	3.57	3.55	4.25	4.60

February 4, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $337,000K ÷ $118,600K
= 2.84

Dave & Buster’s Entertainment payables turnover has shown fluctuations over the past few quarters. The payables turnover ratio indicates the company's efficiency in managing its suppliers and paying off its trade payables. A higher payables turnover ratio is generally a positive sign, suggesting that the company is paying its suppliers more quickly.

Based on the data provided, the payables turnover ratio ranged from 2.06 to 5.14. The highest ratio of 5.14 was observed in April 30, 2023, indicating that the company was managing its payables more efficiently during that period. Conversely, the lowest ratio of 2.06 was recorded on January 31, 2021, suggesting a slower pace of paying off trade payables during that period.

Overall, the payables turnover ratio for Dave & Buster’s Entertainment has shown variability, which could be attributed to changes in the company's purchasing and payment practices, economic conditions, or other factors affecting its supplier relationships. Further analysis of the trend in payables turnover ratio in relation to the company's overall financial performance and cash flow management would provide more insights into its financial health and operational efficiency.