BJs Wholesale Club Holdings Inc (BJ)

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	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Payables turnover		13.80	12.10	12.92	12.50	13.28	11.31	12.05	11.17	12.21	10.71	12.38	12.25	12.60	10.29	11.67	11.36	13.69	11.00	13.42	13.05
Number of days of payables	days	26.45	30.17	28.25	29.20	27.48	32.28	30.29	32.68	29.89	34.09	29.48	29.80	28.97	35.49	31.29	32.12	26.67	33.20	27.19	27.98

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 been fluctuating over the past few periods. On average, the company takes around 30 days to pay its creditors. From the data provided, it can be observed that the number of days of payables has ranged from a low of 26.45 days to a high of 35.49 days.

A lower number of days of payables indicates that the company is paying its suppliers more quickly, which could be a positive sign of strong liquidity or good relationships with suppliers. Conversely, a higher number of days of payables suggests that the company is taking longer to settle its payables, potentially indicating stretching out payments to manage cash flow.

It is essential to monitor this metric over time to understand the company's payment practices and potential impacts on working capital management and supplier relationships. Additional analysis and comparison with industry peers or historical trends may provide further insights into BJs Wholesale Club Holdings Inc's payment efficiency and financial health.