Boot Barn Holdings Inc (BOOT)
Number of days of payables
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.88 | 7.92 | 7.80 | 6.95 | 5.72 | |
| Number of days of payables | days | 41.10 | 46.08 | 46.80 | 52.52 | 63.80 |
March 31, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.88
= 41.10
Boot Barn Holdings Inc's number of days of payables has shown a declining trend over the years. As of March 31, 2021, the company took approximately 63.80 days to pay its suppliers, which reduced to 52.52 days by March 31, 2022. This downward trend continued in the following years, with the number of days of payables reaching 46.80 days by March 31, 2023, and further dropping to 46.08 days by March 31, 2024. By the most recent period ending March 31, 2025, the company's number of days of payables stood at 41.10 days.
A decrease in the number of days of payables indicates that Boot Barn Holdings Inc is taking fewer days to pay its suppliers. This may signify more efficient management of payables or improved cash flow management within the company. It could also suggest stronger negotiation power with suppliers or better inventory management practices.
Overall, a declining trend in the number of days of payables can be a positive sign for the company, but it is essential to assess this metric in conjunction with other financial ratios and factors to gain a comprehensive understanding of the firm's financial health and operational efficiency.
Peer comparison
Mar 31, 2025