Chewy Inc (CHWY)
Number of days of payables
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.44 | 9.12 | 9.45 | 8.64 | 6.84 | |
| Number of days of payables | days | 38.66 | 40.04 | 38.64 | 42.26 | 53.36 |
January 28, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.44
= 38.66
Chewy Inc's number of days of payables has shown a decreasing trend over the past five years. As of January 28, 2024, the company takes approximately 38.66 days to pay its trade payables, which represents an improvement compared to previous years. This indicates that Chewy Inc is managing its payables more efficiently, possibly negotiating better payment terms with its suppliers or streamlining its payment processes. The decreasing trend in the number of days of payables suggests that the company is effectively balancing its cash flow management while maintaining positive relationships with its suppliers. Overall, the declining number of days of payables reflects Chewy Inc's ability to effectively manage its working capital and suggests a more efficient use of its financial resources.
Peer comparison
Jan 28, 2024