Thor Industries Inc (THO)
Payables turnover
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 9,620,270 | 9,809,700 | 9,912,950 | 10,031,480 | 10,536,870 | 11,413,180 | 12,844,310 | 14,047,210 | 14,780,650 | 14,592,860 | 13,636,660 | 12,674,410 | 11,410,160 | 10,289,570 | 8,701,570 | 8,096,640 | 7,791,680 | 7,811,250 | 8,599,190 | 7,902,220 |
| Payables | US$ in thousands | 628,134 | 802,000 | 762,095 | 748,922 | 736,275 | 793,977 | 639,440 | 675,665 | 822,449 | 1,029,300 | 1,002,640 | 1,055,340 | 915,045 | 1,033,030 | 803,496 | 753,106 | 636,506 | 411,917 | 614,464 | 569,844 |
| Payables turnover | 15.32 | 12.23 | 13.01 | 13.39 | 14.31 | 14.37 | 20.09 | 20.79 | 17.97 | 14.18 | 13.60 | 12.01 | 12.47 | 9.96 | 10.83 | 10.75 | 12.24 | 18.96 | 13.99 | 13.87 |
July 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $9,620,270K ÷ $628,134K
= 15.32
The payables turnover ratio for Thor Industries Inc has been fluctuating over the past years, indicating variability in the company's ability to manage its payables effectively.
The ratio saw a peak value of 20.79 in October 2022, suggesting that, on average, the company converted its accounts payable nearly 21 times during that period. This indicates a strong ability to efficiently pay off its suppliers within a short timeframe. However, the ratio declined in subsequent periods before increasing again.
Overall, the upward and downward trends in the payables turnover ratio reflect changes in the company's payment practices and relationships with suppliers. A higher ratio may suggest favorable credit terms negotiated with suppliers, while a lower ratio could indicate extended payment periods or a less efficient management of payables. Monitoring this ratio over time is essential to assess the company's liquidity management and supplier relationships effectively.
Peer comparison
Jul 31, 2024