Abercrombie & Fitch Company (ANF)

Number of days of payables

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Payables turnover		5.34	6.15	3.74	4.26	6.69
Number of days of payables	days	68.29	59.31	97.67	85.59	54.53

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.34
= 68.29

The number of days of payables for Abercrombie & Fitch Company has fluctuated over the past five years. In the most recent fiscal year, as of February 3, 2024, the company took approximately 68.29 days on average to pay its suppliers and fulfill its accounts payable obligations. This represents an increase from the previous year, where the number of days of payables was 59.31 days as of January 28, 2023.

Looking further back, we observe a significant increase in the number of days of payables in the fiscal year ending January 29, 2022, reaching 97.67 days. This indicates a lengthening of the payment period to suppliers compared to the prior year. Subsequently, in the fiscal year ending January 30, 2021, the number of days of payables decreased to 85.59 days, suggesting an improvement in the company's ability to manage its payables more efficiently.

Notably, in the fiscal year ending February 1, 2020, Abercrombie & Fitch Company had the lowest number of days of payables over the five-year period, standing at 54.53 days. This indicates that the company was able to promptly pay its suppliers and manage its accounts payable effectively during that period.

Overall, the trend in the number of days of payables for Abercrombie & Fitch Company reflects variations in the company's working capital management and its relationships with suppliers over the past five years.