Best Buy Co. Inc (BBY)
Number of days of payables
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.45 | 7.30 | 6.40 | 5.90 | 5.26 | |
| Number of days of payables | days | 56.55 | 50.00 | 57.05 | 61.89 | 69.43 |
February 1, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.45
= 56.55
Best Buy Co. Inc's number of days of payables has decreased consistently over the past five years, indicating a more efficient management of its payables. The number of days of payables was 69.43 days as of January 30, 2021, and decreased to 61.89 days by January 29, 2022. This reduction continued over the next years, with the number of days of payables reaching 57.05 days by January 28, 2023, and further dropping to 50.00 days by February 3, 2024. However, there was a slight uptick to 56.55 days by February 1, 2025. Overall, the decreasing trend in the number of days of payables suggests that Best Buy Co. Inc has been more efficient in managing its accounts payable, potentially improving cash flow and working capital management.