Apogee Enterprises Inc (APOG)
Number of days of payables
| Mar 2, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 15.32 | 15.20 | 16.53 | 17.02 | 15.22 | 19.50 | 15.55 | 15.07 | 14.41 | 17.18 | 16.91 | 17.58 | 16.78 | 15.84 | 16.68 | 17.29 | 15.47 | 16.69 | 16.37 | 15.44 | |
| Number of days of payables | days | 23.82 | 24.01 | 22.08 | 21.45 | 23.99 | 18.72 | 23.47 | 24.22 | 25.33 | 21.25 | 21.58 | 20.77 | 21.75 | 23.05 | 21.88 | 21.11 | 23.59 | 21.87 | 22.29 | 23.63 |
March 2, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.32
= 23.82
The number of days of payables for Apogee Enterprises Inc fluctuated over the past few years, ranging from a low of 18.72 days to a high of 25.33 days. The average number of days of payables over this period was approximately 22.46 days.
The trend in the number of days of payables suggests that the company takes an average of about 22.46 days to pay its suppliers or trade payables. A lower number of days indicates that the company is able to pay its suppliers more quickly, potentially reflecting strong cash flow or effective working capital management. Conversely, a higher number of days may indicate that the company is taking longer to settle its payables, which could potentially strain relationships with suppliers or signal cash flow challenges.
Comparing the number of days of payables to industry benchmarks or historical data for the company can provide further insights into its financial health and operational efficiency. Tracking changes in this ratio over time can also help investors and stakeholders assess the company's ability to manage its working capital effectively.