Cracker Barrel Old Country Store (CBRL)

Number of days of payables

		Aug 2, 2024	Jul 28, 2023	Jul 29, 2022	Jul 30, 2021	Jul 31, 2020
Payables turnover		16.60	15.78	14.40	15.39	18.88
Number of days of payables	days	21.98	23.13	25.35	23.72	19.33

August 2, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.60
= 21.98

The number of days of payables for Cracker Barrel Old Country Store has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on August 2, 2024, the company took approximately 21.98 days to pay off its accounts payable on average. This represents a decrease from the previous year when the number of days of payables was 23.13 days.

Comparing the current year to two years ago, there has been a noticeable improvement as the number of days of payables has decreased from 25.35 days on July 29, 2022, to 21.98 days this year. This reduction indicates that the company is managing its accounts payable more efficiently by paying off its obligations at a faster pace.

In contrast, when comparing the latest fiscal year to the figures from three years ago, there was a slight increase in the number of days of payables. On July 30, 2021, it took the company 23.72 days to settle its payables, which was slightly longer than the current year.

Overall, the decreasing trend in the number of days of payables over the past two years suggests that Cracker Barrel Old Country Store has been improving its liquidity position and managing its cash flow effectively by paying its vendors and suppliers in a timelier manner.