BJs Wholesale Club Holdings Inc (BJ)

Number of days of payables

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Payables turnover		13.80	13.28	12.21	12.60	13.69
Number of days of payables	days	26.45	27.48	29.89	28.97	26.67

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.80
= 26.45

The number of days of payables for BJs Wholesale Club Holdings Inc has shown a fluctuating trend over the past five fiscal years. In the most recent fiscal year ending on February 3, 2024, the company's payables were outstanding for approximately 26.45 days. This indicates that, on average, BJs Wholesale Club Holdings Inc takes around 26.45 days to pay its suppliers and vendors.

Comparing this to the previous fiscal years, the number of days of payables was 27.48 days as of January 28, 2023, 29.89 days as of January 29, 2022, 28.97 days as of January 30, 2021, and 26.67 days as of February 1, 2020. The decreasing trend in the number of days of payables between 2022 and 2024 suggests that the company has been managing its payables more efficiently and potentially negotiating better payment terms with its suppliers.

Overall, the decreasing trend in the number of days of payables for BJs Wholesale Club Holdings Inc indicates improved working capital management and potentially stronger liquidity position as the company is taking fewer days to settle its payables.