Apogee Enterprises Inc (APOG)
Number of days of payables
| Mar 2, 2024 | Feb 25, 2023 | Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.39 | 12.77 | 11.29 | 12.53 | 15.47 | |
| Number of days of payables | days | 29.47 | 28.58 | 32.33 | 29.12 | 23.59 |
March 2, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.39
= 29.47
The number of days of payables for Apogee Enterprises Inc has fluctuated over the past five years. As of March 2, 2024, the company takes approximately 29.47 days to pay its trade payables on average. This figure is slightly higher compared to the previous year, indicating a possible increase in the time taken to settle its payables.
In comparison to the data from previous years, the number of days of payables was 28.58 days on February 25, 2023, 32.33 days on February 26, 2022, 29.12 days on February 27, 2021, and 23.59 days on February 29, 2020.
The increase in the number of days of payables from 2020 to 2022 suggests that the company may have been taking longer to pay its trade creditors during that period. However, the decrease in 2023 followed by a slight increase in 2024 indicates some volatility in the payment cycle of the company.
Overall, the number of days of payables for Apogee Enterprises Inc has shown variability over the past five years, and this metric should be monitored closely to understand the company's payment practices and liquidity management.