Toll Brothers Inc (TOL)
Payables turnover
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,339,720 | 8,773,730 | 7,769,480 | 6,527,400 | 6,543,170 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
October 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $8,339,720K ÷ $—K
= —
The payables turnover ratio for Toll Brothers Inc. has been fluctuating over the past five years. In 2023, the payables turnover ratio decreased to 12.32 from 12.58 in 2022, indicating a slight decline in the company's ability to manage its accounts payable. However, it is important to note that a lower payables turnover ratio does not necessarily indicate inefficiency, as it may result from a deliberate extension of payment terms with suppliers. The company's payables turnover ratio has been relatively stable over the years, suggesting effective management of trade credit and payables. Further analysis of the company's payment terms and supplier relationships may provide additional insights into its liquidity and operational efficiency.
Peer comparison
Oct 31, 2023