Burlington Stores Inc (BURL)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.29 | 8.45 | 7.69 | 4.14 | 5.60 | |
| Number of days of payables | days | 39.30 | 43.22 | 47.44 | 88.26 | 65.13 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.29
= 39.30
The number of days of payables for Burlington Stores Inc has shown a fluctuating trend over the past five years. As of February 3, 2024, the company takes, on average, approximately 39.30 days to pay its trade payables, indicating efficient management of its accounts payable.
Comparing this to previous years, we observe a decreasing trend in the number of days of payables from 2022 to 2024, suggesting a potential improvement in the company's ability to manage its vendor payments.
In contrast, there was a significant increase in the number of days of payables in 2021, reaching 88.26 days, which could imply a delay in settling trade payables during that period. However, this anomaly seems to have been corrected based on the subsequent years' data.
Overall, the current data point of 39.30 days indicates that Burlington Stores Inc is currently efficient in managing its payables, which could positively impact its working capital management and cash flow position.
Peer comparison
Feb 3, 2024