Cracker Barrel Old Country Store (CBRL)

Number of days of payables

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Payables turnover		16.60	19.04	19.02	18.07	15.71	19.70	18.97	18.51	14.40	18.98	18.56	15.72	15.39	16.87	15.19	13.94	18.88	24.04	18.37	15.41
Number of days of payables	days	21.98	19.17	19.19	20.20	23.23	18.53	19.24	19.72	25.35	19.23	19.67	23.22	23.72	21.63	24.03	26.18	19.33	15.18	19.87	23.69

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 some fluctuations over the past several quarters. On average, the company takes around 20 days to pay its suppliers, with the range varying from a low of 15.18 days to a high of 26.18 days. This indicates that the company generally maintains a relatively efficient payment cycle, settling its obligations to vendors within a reasonable timeframe. However, there appears to be some variability in the timing of payments, which may be influenced by factors such as seasonality or changes in business operations. It is important for the company to monitor and manage its payables effectively to ensure healthy vendor relationships and overall financial stability.