Caleres Inc (CAL)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.46 | 12.04 | 7.81 | 9.53 | 10.62 | |
| Number of days of payables | days | 34.89 | 30.32 | 46.74 | 38.32 | 34.36 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.46
= 34.89
Caleres Inc's number of days of payables has fluctuated over the past five years. In Feb 3, 2024, the company took approximately 34.89 days to pay its suppliers. This was an increase compared to the previous year where it took 30.32 days to settle its payables.
In Jan 29, 2022, the number of days of payables increased significantly to 46.74 days, indicating that the company was taking longer to pay its suppliers. However, this trend reversed in Jan 30, 2021, where the number of days of payables decreased to 38.32 days.
In Feb 1, 2020, the number of days of payables stood at 34.36 days, showing a relatively stable payment period compared to the preceding years. Overall, the trend in Caleres Inc's number of days of payables indicates some fluctuations, reflecting changes in the company's payment policies and relationships with suppliers over the years.
Peer comparison
Feb 3, 2024