Apogee Enterprises Inc (APOG)
Number of days of payables
Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
---|---|---|---|---|---|---|
Payables turnover | — | 12.39 | — | — | 12.77 | |
Number of days of payables | days | — | 29.47 | — | — | 28.58 |
February 28, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Based on the data provided, the number of days of payables for Apogee Enterprises Inc fluctuates over the years. As of February 25, 2023, the company had an average payable period of 28.58 days, indicating that it takes approximately this amount of time to pay off its suppliers. On February 28, 2023, and February 29, 2024, the data is not available ("— days"), making it challenging to assess the company's payment practices during these periods.
However, as of March 2, 2024, the number of days of payables increased to 29.47 days, suggesting a slightly longer time taken by the company to settle its payables compared to the previous recorded period. The data for February 28, 2025, is missing, so any analysis for that period cannot be conducted with the available information.
In summary, Apogee Enterprises Inc's number of days of payables has shown variability in the analyzed periods, with some periods showing consistent payment practices and others having missing data. It is essential for the company to ensure timely payments to maintain strong supplier relationships and manage its working capital effectively.