Walgreens Boots Alliance Inc (WBA)
Payables turnover
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 163,187,000 | 147,332,000 | 149,875,000 | 146,955,000 | 143,577,000 | 141,322,000 | 134,326,000 | 133,561,000 | 133,433,000 | 132,644,000 | 136,566,000 | 102,799,000 | 108,233,000 | 110,885,000 | 107,474,000 | 140,401,000 | 135,362,000 | 133,841,000 | 132,888,000 | 125,781,000 |
| Payables | US$ in thousands | 12,775,000 | 13,593,000 | 12,635,000 | 12,029,000 | 12,720,000 | 12,184,000 | 11,255,000 | 11,794,000 | 11,178,000 | 12,452,000 | 11,136,000 | 11,290,000 | 11,009,000 | 16,212,000 | 10,145,000 | 14,033,000 | 14,968,000 | 15,401,000 | 14,341,000 | 14,130,000 |
| Payables turnover | 12.77 | 10.84 | 11.86 | 12.22 | 11.29 | 11.60 | 11.93 | 11.32 | 11.94 | 10.65 | 12.26 | 9.11 | 9.83 | 6.84 | 10.59 | 10.01 | 9.04 | 8.69 | 9.27 | 8.90 |
February 29, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $163,187,000K ÷ $12,775,000K
= 12.77
The payables turnover ratio for Walgreens Boots Alliance Inc has exhibited fluctuations over the time period provided. The ratio measures how efficiently the company is managing its accounts payable by comparing the amount of purchases made on credit to the average accounts payable balance.
The payables turnover ratio for Walgreens Boots Alliance Inc ranged from a low of 6.84 to a high of 12.77 during the period. A higher turnover ratio indicates that the company is paying off its suppliers more frequently and efficiently.
Overall, it appears that there have been some fluctuations in the payables turnover ratio over the period, but the company has generally maintained a healthy turnover rate, with most values above 10. This suggests that Walgreens Boots Alliance Inc has been effectively managing its accounts payable and obligations to suppliers.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Payables Turnover (Quarterly Data)