Ross Stores Inc (ROST)

Payables turnover

		Jan 31, 2025	Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 31, 2023	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020
Cost of revenue (ttm)	US$ in thousands	15,260,500	15,292,240	15,222,230	15,805,040	16,691,630	16,355,100	17,446,370	17,189,040	16,878,380	16,036,000	15,909,960	15,844,310	15,188,580	15,190,530	14,508,700	13,168,360	11,837,610	10,529,200	9,905,770	9,960,780
Payables	US$ in thousands	—	—	—	—	—	—	2,280,280	2,151,000	2,061,530	2,009,920	1,927,760	2,085,680	—	2,372,300	2,652,880	—	—	2,256,930	—	—
Payables turnover		—	—	—	—	—	—	7.65	7.99	8.19	7.98	8.25	7.60	—	6.40	5.47	—	—	4.67	—	—

January 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $15,260,500K ÷ $—K
= —

Ross Stores Inc payables turnover has shown some variability over the past few years. The payables turnover ratio measures how efficiently a company is able to manage its accounts payable by comparing the cost of goods sold to average accounts payable. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently.

Based on the provided data, Ross Stores Inc payables turnover increased from 4.67 on January 30, 2021, to reach a peak of 8.25 on October 29, 2022. This significant improvement indicates that the company was managing its accounts payable more efficiently during this period. Subsequently, there was a slight drop to 7.65 on October 28, 2023.

The payables turnover ratio for Ross Stores Inc fluctuated between 6.40 and 8.25 from January 29, 2022, to October 29, 2022, suggesting a consistent effort to optimize accounts payable management. However, the slight decline in the ratio in subsequent periods indicates a potential slowdown in the efficiency of managing payables.

The absence of data for some periods, such as August 1, 2020, May 1, 2021, and October 31, 2023, limits the ability to track the trend continuously. It would be beneficial for investors and analysts to have more consistent data points to assess the long-term performance of Ross Stores Inc payables turnover.

In conclusion, Ross Stores Inc has shown a positive trend in its payables turnover ratio, indicating improvements in managing its accounts payable efficiently. However, fluctuations in the ratio over time suggest the need for continuous monitoring to ensure sustained effectiveness in payables management.