Vestis Corporation (VSTS)
Payables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,970,220 | 1,909,680 | 1,765,640 | 1,813,980 |
| Payables | US$ in thousands | — | — | — | — |
| Payables turnover | — | — | — | — |
September 30, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,970,220K ÷ $—K
= —
To calculate Vestis Corporation's payables turnover for the years ending on September 30, we need data on cost of goods sold (COGS) and average accounts payable. The payables turnover ratio is calculated as the cost of goods sold divided by average accounts payable. This ratio gives insights into how efficiently the company is managing its accounts payable by paying off suppliers.
Without the specific numbers for COGS and average accounts payable, we cannot calculate the payables turnover for Vestis Corporation. To provide a meaningful analysis, we would need access to this data to assess the company's ability to pay off its suppliers and manage its working capital effectively.
Peer comparison
Sep 30, 2023