Academy Sports Outdoors Inc (ASO)
Number of days of payables
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.15 | 6.63 | 8.20 | 7.79 | 8.09 | 6.68 | 7.30 | 7.01 | 7.95 | 6.21 | 6.86 | ||||
| Number of days of payables | days | 35.98 | 55.07 | 44.52 | 46.87 | 45.11 | 54.62 | 50.00 | 52.07 | 45.91 | 58.74 | 53.19 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.15
= 35.98
The number of days of payables for Academy Sports Outdoors Inc has shown some variability over the past few periods, ranging from a low of 35.98 days to a high of 58.74 days. This ratio indicates the average number of days it takes for the company to pay its suppliers for goods or services purchased on credit. A lower number of days suggests that the company is more efficient in managing its payables, while a higher number may indicate a longer payment cycle or potential liquidity challenges.
Based on the historical trend, it appears that there has been some fluctuation in the number of days of payables, with some periods showing higher values than others. It would be important to further investigate the reasons behind these fluctuations to assess the company's financial health and operational efficiency. Additionally, comparison with industry benchmarks or peer companies can provide further insights into how Academy Sports Outdoors Inc's payables management practices stack up against competitors in the industry.
Peer comparison
Feb 3, 2024