Vestis Corporation (VSTS)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,570,820 | 1,970,220 | 1,909,680 | 1,765,640 | 1,813,980 |
| Payables | US$ in thousands | 163,054 | — | — | — | — |
| Payables turnover | 15.77 | — | — | — | — |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,570,820K ÷ $163,054K
= 15.77
The payables turnover for Vestis Corporation in the fiscal year ending September 30, 2024, is 15.77 times. This ratio indicates that, on average, Vestis Corporation pays its suppliers approximately 15.77 times during the year. A higher payables turnover ratio suggests that the company is managing its accounts payables efficiently by paying its suppliers more frequently. It can signify a positive relationship with suppliers and potentially allowing for better credit terms or discounts. However, specific insights comparing this ratio to previous years or industry benchmarks are not available for further analysis due to the missing data.
Peer comparison
Sep 30, 2024