Costco Wholesale Corp (COST)

Number of days of payables

		Feb 18, 2024	Nov 26, 2023	Sep 3, 2023	May 7, 2023	Feb 12, 2023	Nov 20, 2022	Aug 28, 2022	May 8, 2022	Feb 13, 2022	Nov 21, 2021	Aug 29, 2021	May 9, 2021	Feb 14, 2021	Nov 22, 2020	Aug 30, 2020	May 10, 2020	Feb 16, 2020	Nov 24, 2019	Sep 1, 2019	May 12, 2019
Payables turnover		10.37	6.14	6.98	7.27	10.56	12.18	12.29	8.49	8.34	6.95	7.92	11.60	12.01	9.82	11.38	14.08	13.29	9.75	11.67	12.08
Number of days of payables	days	35.20	59.43	52.31	50.21	34.55	29.98	29.69	43.02	43.75	52.53	46.09	31.46	30.39	37.16	32.06	25.92	27.46	37.42	31.29	30.22

February 18, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.37
= 35.20

Costco Wholesale Corp's number of days of payables has shown variation over time based on the data provided. The average number of days of payables over the period is 38.95 days.

The number of days of payables can indicate how long a company takes to pay its suppliers. A lower number of days of payables may suggest that a company is efficient in managing its payables, while a higher number may indicate that the company is taking longer to pay its suppliers.

Costco's number of days of payables has ranged from a low of 25.92 days in May 2020 to a high of 59.43 days in November 2023. This indicates fluctuations in the company's payment practices over time. It is crucial for investors and analysts to monitor these trends to assess the company's financial health and relationship with suppliers.

Overall, Costco's number of days of payables trend indicates some variability, but it is important to consider the company's industry norms and specific business operations when interpreting this ratio.