American Eagle Outfitters Inc (AEO)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 19.41 | 21.41 | 20.14 | 16.18 | 14.99 | |
| Number of days of payables | days | 18.80 | 17.05 | 18.12 | 22.56 | 24.35 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.41
= 18.80
American Eagle Outfitters Inc's number of days of payables has shown some fluctuations over the past five years. As of February 3, 2024, the company took approximately 18.80 days to pay its suppliers and vendors, which is slightly higher compared to the prior year's figure of 17.05 days. This indicates that the company extended its payable period slightly.
Looking back further, the number of days of payables in 2024 is closer to the figure reported in 2022 (18.12 days), suggesting a return to a previous level after the decrease in 2023. Comparing to 2021 and 2020, the number of days of payables has decreased significantly from 22.56 days to 24.35 days. This downward trend suggests that American Eagle Outfitters Inc has been managing its payables more efficiently and may be paying its suppliers more promptly in recent years.
Overall, the number of days of payables for American Eagle Outfitters Inc has experienced some variability in recent years, with a slight increase in 2024 compared to the prior year. This metric is essential for assessing the company's liquidity and efficiency in managing its supplier relationships.
Peer comparison
Feb 3, 2024