Ralph Lauren Corp Class A (RL)
Payables turnover
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 2,226,100 | 2,218,300 | 2,188,900 | 2,181,500 | 2,199,600 | 2,265,600 | 2,259,200 | 2,253,100 | 2,277,800 | 2,244,200 | 2,219,900 | 2,152,000 | 2,071,000 | 2,018,500 | 1,903,600 | 1,808,800 | 1,539,400 | 1,715,000 | 1,874,200 | 2,137,300 |
Payables | US$ in thousands | 436,000 | 489,500 | 495,700 | 477,800 | 332,200 | 411,800 | 460,100 | 448,400 | 371,600 | 468,000 | 498,000 | 562,100 | 448,700 | 472,800 | 451,400 | 370,300 | 355,900 | 335,000 | 284,500 | 144,200 |
Payables turnover | 5.11 | 4.53 | 4.42 | 4.57 | 6.62 | 5.50 | 4.91 | 5.02 | 6.13 | 4.80 | 4.46 | 3.83 | 4.62 | 4.27 | 4.22 | 4.88 | 4.33 | 5.12 | 6.59 | 14.82 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,226,100K ÷ $436,000K
= 5.11
The payables turnover ratio provides insight into the efficiency of Ralph Lauren Corp Class A in managing its accounts payable. A higher turnover ratio indicates that the company is paying its suppliers more frequently, which may suggest good relationships with vendors or effective working capital management.
Analyzing the data provided, we observe fluctuations in the payables turnover ratio over the periods. From June 30, 2020, to March 31, 2021, the ratio steadily decreased from 14.82 to 4.33, indicating a sharp decline in the frequency of paying suppliers. This significant drop may signal potential issues in managing accounts payable effectively or changes in the company's payment practices.
Subsequently, from March 31, 2021, to June 30, 2024, the payables turnover ratio fluctuated within a range of 3.83 to 6.62, showing some variability in the company's payment patterns. Notably, the ratio peaked at 6.62 on March 31, 2024, possibly reflecting improved efficiency in managing payables during that period.
Overall, the trend in the payables turnover ratio for Ralph Lauren Corp Class A suggests varying levels of efficiency in managing its accounts payable over the analyzed periods. Further analysis of the company's financial statements and business operations would be necessary to better understand the factors contributing to these fluctuations and determine their implications for the company's financial health and operational performance.
Peer comparison
Mar 31, 2025