Burlington Stores Inc (BURL)
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 | 9.29 | 9.12 | 10.84 | 9.94 | 8.44 | 8.36 | 10.17 | 8.55 | 7.69 | 6.23 | 6.25 | 5.17 | 4.14 | 3.84 | 7.41 | 5.80 | 5.60 | 4.65 | 5.87 | 5.60 | |
| Number of days of payables | days | 39.29 | 40.01 | 33.67 | 36.73 | 43.22 | 43.66 | 35.88 | 42.69 | 47.44 | 58.58 | 58.40 | 70.57 | 88.26 | 95.08 | 49.28 | 62.91 | 65.13 | 78.42 | 62.18 | 65.20 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.29
= 39.29
The number of days of payables for Burlington Stores Inc has fluctuated over the past several quarters. The company's payables turnover period ranged from a low of 33.67 days to a high of 95.08 days, reflecting variability in the time it takes for Burlington to pay its suppliers.
On average, it takes Burlington around 50-60 days to settle its payables. In general, a longer payables turnover period may indicate that the company is taking longer to pay its suppliers, potentially signaling liquidity issues or strained vendor relationships. Conversely, a shorter payables turnover period may suggest more efficient management of payables and cash flow.
It is important for investors and creditors to monitor changes in the number of days of payables over time, as it can provide insights into the company's financial health, cash management practices, and supplier relationships.
Peer comparison
Feb 3, 2024