Toll Brothers Inc (TOL)
Payables turnover
| 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 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,385,620 | 8,299,580 | 8,830,560 | 8,791,160 | 8,705,780 | 8,766,930 | 8,345,740 | 8,191,360 | 7,941,230 | 7,769,490 | 7,450,870 | 6,973,960 | 6,687,730 | 6,527,400 | 6,399,400 | 6,492,260 | 6,588,380 | 6,543,180 | 6,588,320 | 6,698,430 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
January 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,385,620K ÷ $—K
= —
The payables turnover ratio for Toll Brothers Inc. has shown some fluctuations over the past eight quarters. The ratio has ranged from a low of 11.50 in Q3 2022 to a high of 15.17 in Q1 2023. The most recent data indicates a payables turnover ratio of 12.17 in Q1 2024.
Overall, Toll Brothers Inc. has generally maintained a consistent level of efficiency in managing its accounts payable over the past two years, with the ratio consistently above 11. This indicates that the company is able to efficiently manage its outstanding payables by paying them off relatively quickly.
The slight fluctuations in the ratio may be attributed to changes in the company's purchasing and payment patterns, as well as external factors such as supplier terms and economic conditions. It is important for Toll Brothers Inc. to continue monitoring and managing its payables turnover to ensure effective working capital management and liquidity.
Peer comparison
Jan 31, 2024