Thor Industries Inc (THO)
Payables turnover
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,620,270 | 10,536,900 | 14,780,600 | 11,410,200 | 7,791,680 |
| Payables | US$ in thousands | 628,134 | 736,275 | 822,449 | 915,045 | 636,506 |
| Payables turnover | 15.32 | 14.31 | 17.97 | 12.47 | 12.24 |
July 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $9,620,270K ÷ $628,134K
= 15.32
The payables turnover ratio for Thor Industries Inc has shown variations over the past five years. The ratio indicates how efficiently the company is managing its accounts payable.
In the most recent year, the payables turnover ratio was 15.32, representing an increase compared to the previous year (14.31) but a decrease compared to the year before that (17.97). This could suggest that the company is taking longer to pay its suppliers compared to the year before last.
Overall, Thor Industries Inc has demonstrated a consistent ability to effectively manage its payables, as evidenced by the ratios consistently being above 10 in the last five years. However, a closer analysis of the company's payables management practices and industry standards may be necessary to fully understand the implications of these fluctuations in the payables turnover ratio.
Peer comparison
Jul 31, 2024