Urban Outfitters Inc (URBN)

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	3,425,962	3,391,222	3,383,195	3,375,417	3,361,607	3,319,720	3,243,058	3,156,682	3,054,813	2,888,251	2,794,231	2,636,999	2,572,347	2,595,180	2,614,881	2,696,107	2,729,352	2,661,072	2,630,540	2,620,696
Payables	US$ in thousands	253,342	319,115	270,464	263,558	257,620	326,529	347,805	296,673	304,246	315,481	240,245	251,944	237,386	349,793	207,261	104,702	167,871	232,901	181,955	174,258
Payables turnover		13.52	10.63	12.51	12.81	13.05	10.17	9.32	10.64	10.04	9.16	11.63	10.47	10.84	7.42	12.62	25.75	16.26	11.43	14.46	15.04

January 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,425,962K ÷ $253,342K
= 13.52

The payables turnover ratio for Urban Outfitters Inc has varied over the past few years, indicating the company's efficiency in managing its accounts payable. The ratio has fluctuated between 7.42 and 25.75, with an average of approximately 12.59 over the period provided. Generally, a higher payables turnover ratio suggests that the company is paying off its suppliers more quickly, which can be indicative of strong liquidity or negotiation power with suppliers.

It is worth noting that the payables turnover ratio was particularly high at 25.75 in April 2020, possibly due to changes in payment terms or increased focus on managing working capital during the uncertain economic environment. However, this ratio decreased to 7.42 in January 2021, which could indicate a change in the company's payment practices or supplier relationships during that period.

Overall, the payables turnover ratio for Urban Outfitters Inc has exhibited some variability, reflecting the company's ability to efficiently manage its accounts payable and its relationship with suppliers over time.