Walgreens Boots Alliance Inc (WBA)
Payables turnover
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 165,327,000 | 163,237,000 | 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 |
| Payables | US$ in thousands | 14,082,000 | 13,100,000 | 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 |
| Payables turnover | 11.74 | 12.46 | 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 |
August 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $165,327,000K ÷ $14,082,000K
= 11.74
The payables turnover ratio for Walgreens Boots Alliance Inc indicates how many times the company pays off its suppliers during a specific period. A higher payables turnover is generally seen as more favorable, as it suggests the company efficiently manages its trade credit, paying suppliers quickly.
Analyzing the data for Walgreens Boots Alliance Inc over the past several quarters, the payables turnover ratio has shown some fluctuations. From November 2019 to August 2020, the ratio ranged from 8.69 to 10.59, with a noticeable dip to 6.84 in February 2021. This lower ratio may indicate that the company took longer to pay its suppliers during this period.
However, since February 2021, the payables turnover ratio has generally trended upwards, reaching a peak of 12.77 in February 2024. This improvement suggests that Walgreens Boots Alliance Inc has been more efficient in managing its payables and settling its obligations to suppliers in a timely manner.
Overall, the recent trend of increasing payables turnover ratios for Walgreens Boots Alliance Inc indicates a positive development in the company's ability to manage its supplier relationships and pay its trade payables promptly.
Peer comparison
Aug 31, 2024
See also:
Walgreens Boots Alliance Inc Payables Turnover (Quarterly Data)