Ralph Lauren Corp Class A (RL)
Payables turnover
Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
---|---|---|---|---|---|---|
Cost of revenue | US$ in thousands | 2,226,100 | 2,199,600 | 2,277,800 | 2,071,000 | 1,539,400 |
Payables | US$ in thousands | 436,000 | 332,200 | 371,600 | 448,700 | 355,900 |
Payables turnover | 5.11 | 6.62 | 6.13 | 4.62 | 4.33 |
March 31, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,226,100K ÷ $436,000K
= 5.11
Ralph Lauren Corp Class A has exhibited a steady increase in its payables turnover ratio over the past five years, indicating an improvement in managing its accounts payable. The payables turnover ratio has increased from 4.33 in March 2021 to 5.11 in March 2025, with notable jumps in the years 2023 and 2024. This suggests that the company is able to pay off its suppliers more frequently within a given period, reflecting efficient liquidity management and possibly improved supplier relationships. Overall, the rising trend in payables turnover ratio demonstrates Ralph Lauren Corp Class A's ability to efficiently utilize its accounts payable to support its operations and maintain healthy working capital levels.
Peer comparison
Mar 31, 2025