PVH Corp (PVH)

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	3,854,500	3,964,000	3,947,100	3,924,900	3,901,300	3,816,500	3,797,300	3,864,400	3,830,600	3,780,700	3,810,100	3,527,900	3,355,800	3,595,200	3,759,900	4,138,300	4,520,600	4,446,200	4,424,400	4,385,300
Payables	US$ in thousands	1,073,400	999,100	1,242,900	1,063,000	1,327,400	1,314,300	1,359,000	1,062,200	1,220,800	1,051,300	1,069,500	1,023,800	1,124,200	1,134,400	1,048,200	783,900	882,800	780,500	930,200	696,200
Payables turnover		3.59	3.97	3.18	3.69	2.94	2.90	2.79	3.64	3.14	3.60	3.56	3.45	2.99	3.17	3.59	5.28	5.12	5.70	4.76	6.30

February 4, 2024 calculation

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

The payables turnover for PVH Corp has fluctuated over the past 20 periods, ranging from a low of 2.79 to a high of 6.30. The payables turnover ratio indicates how efficiently a company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a period.

A high payables turnover ratio suggests that the company is paying off its suppliers quickly, which may indicate strong liquidity and good relationships with suppliers. Conversely, a low payables turnover ratio may suggest that the company is taking longer to pay its suppliers, which could indicate potential cash flow issues or strained supplier relationships.

The trend for PVH Corp's payables turnover appears to be fluctuating, with some periods showing higher turnover ratios and others showing lower ratios. It is important to consider the company's industry norms and historical trends to better understand these fluctuations and assess the overall efficiency of the company's accounts payable management.