Walmart Inc (WMT)
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 | 490,142,000 | 483,740,000 | 478,170,000 | 472,158,000 | 463,721,000 | 453,820,000 | 443,230,000 | 432,575,000 | 429,000,000 | 428,739,000 | 424,055,000 | 421,561,000 | 420,315,000 | 412,802,000 | 408,363,000 | 403,597,000 | 394,605,000 | 391,764,000 | 388,980,000 | 386,628,000 |
| Payables | US$ in thousands | 56,812,000 | 61,049,000 | 56,576,000 | 54,268,000 | 53,742,000 | 57,263,000 | 54,191,000 | 52,926,000 | 55,261,000 | 57,156,000 | 49,601,000 | 48,151,000 | 49,141,000 | 54,152,000 | 46,326,000 | 44,096,000 | 46,973,000 | 49,750,000 | 45,871,000 | 45,110,000 |
| Payables turnover | 8.63 | 7.92 | 8.45 | 8.70 | 8.63 | 7.93 | 8.18 | 8.17 | 7.76 | 7.50 | 8.55 | 8.75 | 8.55 | 7.62 | 8.81 | 9.15 | 8.40 | 7.87 | 8.48 | 8.57 |
January 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $490,142,000K ÷ $56,812,000K
= 8.63
The payables turnover ratio for Walmart Inc in the provided period fluctuated between 7.50 and 9.15 times. This ratio indicates how efficiently the company is managing its accounts payable by measuring how many times a year the company pays off its average accounts payable balance.
A high payables turnover ratio generally suggests that the company is paying off its suppliers quickly, which can indicate strong liquidity management. On the other hand, a low ratio may indicate that the company is taking a longer time to pay its suppliers, potentially signaling cash flow or liquidity challenges.
It is worth noting that the payables turnover ratio should be analyzed in conjunction with other financial ratios and factors to gain a comprehensive understanding of the company's financial health and efficiency in managing its working capital.
Peer comparison
Jan 31, 2024