Ulta Beauty Inc (ULTA)

Payables turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Cost of revenue (ttm)	US$ in thousands	6,908,410	6,968,170	7,657,440	7,580,400	7,421,200	6,743,670	6,066,140	6,148,680	6,231,220	6,709,290	7,187,360	6,983,930	6,780,500	6,135,180	5,489,860	5,518,760	5,844,840	6,177,950	6,015,300	5,816,720
Payables	US$ in thousands	—	—	—	—	544,001	—	—	597,373	—	521,315	—	621,272	—	559,527	—	647,117	—	586,851	—	—
Payables turnover		—	—	—	—	13.64	—	—	10.29	—	12.87	—	11.24	—	10.96	—	8.53	—	10.53	—	—

January 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,908,410K ÷ $—K
= —

The payables turnover ratio is a financial metric used to evaluate how efficiently a company manages its trade credit purchases from suppliers. Based on the provided data on Ulta Beauty Inc, the payables turnover ratio fluctuates over the reported periods.

In the latest available data, as of February 3, 2024, Ulta Beauty Inc's payables turnover was 13.64. This indicates that during this period, the company was able to turnover its accounts payables 13.64 times. A high payables turnover ratio suggests that the company is quickly paying off its suppliers, which could signify strong liquidity and good relationships with vendors.

It is observed that the payables turnover ratio for Ulta Beauty Inc has shown a general increasing trend over the periods, with fluctuations along the way. This could imply improvements in the company's payment practices or changes in its credit terms with suppliers.

However, it should be noted that there are some gaps in the data where payables turnover figures are not provided. More consistent reporting would provide a clearer picture of Ulta Beauty Inc's payables management efficiency over time.