PVH Corp (PVH)

Payables turnover

		Feb 4, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Cost of revenue	US$ in thousands	3,854,500	3,901,300	3,830,600	3,355,800	4,520,600
Payables	US$ in thousands	1,073,400	1,327,400	1,220,800	1,124,200	882,800
Payables turnover		3.59	2.94	3.14	2.99	5.12

February 4, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $3,854,500K ÷ $1,073,400K
= 3.59

PVH Corp's payables turnover ratio has shown fluctuations over the past five years. The ratio indicates how efficiently the company is managing its accounts payables by paying off its suppliers.

In the most recent fiscal year, ending February 4, 2024, PVH Corp's payables turnover ratio was 3.59, which suggests that the company paid off its suppliers approximately 3.59 times during the year. This represents an improvement compared to the previous year, where the ratio was 2.94.

The trend over the five-year period shows some variability, with the ratio ranging from a low of 2.94 in January 2023 to a high of 5.12 in February 2020. The highest ratio in February 2020 indicates that PVH Corp was paying off its suppliers more frequently compared to other years in the period.

Overall, PVH Corp's payables turnover ratio indicates that the company has been effectively managing its accounts payables, with some fluctuations in payment frequency over the years. It is essential for investors and stakeholders to monitor this ratio to understand how efficiently the company is managing its supplier payments.