Boot Barn Holdings Inc (BOOT)
Number of days of payables
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.06 | 10.63 | 9.37 | 7.72 | 8.10 | |
| Number of days of payables | days | 33.00 | 34.34 | 38.96 | 47.27 | 45.06 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.06
= 33.00
Boot Barn Holdings Inc has shown a consistent improvement in its number of days of payables over the past five years. As of March 31, 2024, the company's number of days of payables was 33.00 days, a decrease from 34.34 days in the previous year and a marked improvement from 45.06 days in 2020. This trend indicates that the company is managing its accounts payable more efficiently, potentially negotiating better payment terms with its suppliers or streamlining its payment processes. A lower number of days of payables can free up cash flow for the company and indicate a healthier financial position. Overall, the decreasing trend in the number of days of payables reflects positively on Boot Barn Holdings Inc's financial management practices.
Peer comparison
Mar 31, 2024