Academy Sports Outdoors Inc (ASO)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Payables turnover | 10.15 | 8.09 | 7.95 | 6.66 | |
| Number of days of payables | days | 35.97 | 45.11 | 45.91 | 54.82 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.15
= 35.97
The number of days of payables for Academy Sports Outdoors Inc has shown a decreasing trend over the past four years. In the latest fiscal year ending February 3, 2024, the company had an average payable period of 35.97 days, indicating that it took approximately 36 days to pay its suppliers. This represented an improvement from the previous year, where the number of days of payables was 45.11 days.
Comparing to two years ago, in January 29, 2022, the number of days of payables was 45.91 days, which also indicates an improvement in the turnover of payables. Furthermore, looking back to January 30, 2021, the company had an average payable period of 54.82 days, showing a significant reduction in the time taken to settle payables over the four-year period.
This decreasing trend in the number of days of payables suggests that Academy Sports Outdoors Inc has been managing its payment obligations more efficiently, potentially negotiating better payment terms with suppliers or streamlining its accounts payable processes. A lower number of days of payables can also indicate a stronger cash position or improved working capital management.
Peer comparison
Feb 3, 2024