Buckle Inc (BKE)

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		21.54	15.73	18.61	17.48	22.68	13.46	15.56	15.87	16.00	14.52	13.00	15.38	16.90	12.32	14.62	37.36	29.02	17.22	18.08	20.95
Number of days of payables	days	16.94	23.20	19.62	20.88	16.09	27.11	23.46	23.00	22.81	25.14	28.07	23.73	21.60	29.62	24.96	9.77	12.58	21.20	20.19	17.42

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.54
= 16.94

The number of days of payables for Buckle Inc has shown some fluctuations over the past few periods. On average, the company takes around 22 days to pay its accounts payable. The trend indicates that the number of days of payables has been relatively consistent, with occasional increases or decreases.

In recent periods, the number of days of payables has ranged from as low as 9.77 days to as high as 29.62 days. This suggests that Buckle Inc may have varying payment practices, possibly influenced by factors such as cash flow, supplier terms, or strategic financial management decisions.

Overall, a lower number of days of payables indicates that the company is paying its bills more quickly, potentially reflecting strong liquidity or cash management. Conversely, a higher number of days of payables may show that the company is utilizing available credit terms and managing its cash flow more effectively.

It is important for Buckle Inc to carefully monitor and manage its number of days of payables to ensure efficient working capital management and maintain healthy relationships with its suppliers.