Abercrombie & Fitch Company (ANF)

The payables turnover ratio measures how efficiently Abercrombie & Fitch Company is managing its accounts payable by indicating how many times during a period the company pays off its average accounts payable balance.

Looking at the historical trend of Abercrombie & Fitch Company's payables turnover ratio, we observe fluctuations over the past five years.

In the most recent fiscal year ending on February 3, 2024, the payables turnover ratio stood at 5.34, which indicates that the company paid off its accounts payable balance approximately 5.34 times during that year.

Compared to the previous fiscal year, there was a slight decrease in the payables turnover ratio from 6.15 to 5.34. This suggests that Abercrombie & Fitch Company took slightly longer to pay off its suppliers in the most recent year, implying a possible deterioration in the efficiency of managing its accounts payable.

When analyzing further back, we notice fluctuations in the payables turnover ratio over the years. In FY 2020, the ratio was relatively high at 6.69, indicating a more efficient management of accounts payable compared to the subsequent years.

In contrast, FY 2022 had a lower payables turnover ratio of 3.74, signaling that Abercrombie & Fitch Company took longer to pay off its accounts payable during that fiscal year.

Overall, while the payables turnover ratio provides insights into how Abercrombie & Fitch Company is handling its accounts payable, it is important to consider other factors and performance metrics to gain a comprehensive understanding of the company's overall financial health and efficiency in managing its working capital.

Peer comparison

Feb 3, 2024