Designer Brands Inc (DBI)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.26 | 8.76 | 6.24 | 7.85 | 8.34 | |
| Number of days of payables | days | 50.29 | 41.68 | 58.47 | 46.50 | 43.79 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.26
= 50.29
The number of days of payables for Designer Brands Inc has fluctuated over the past five years. In the latest fiscal year ending on February 3, 2024, the company took approximately 50.29 days, on average, to pay its trade payables. This represents an increase compared to the previous year, where it took around 41.68 days in the fiscal year ending on January 28, 2023.
Looking back further, in the fiscal year ending on January 29, 2022, the number of days of payables was relatively higher at 58.47 days, indicating a longer payment period. However, in the fiscal year ending on January 30, 2021, the company showed improvement in managing its payables, as it reduced the number of days to 46.50 days.
Lastly, in the fiscal year ending on February 1, 2020, Designer Brands Inc had a number of days of payables at 43.79 days, which was slightly lower than the most recent year. Overall, the trend in the number of days of payables suggests variability in the company's payment practices over the years, with fluctuations in how quickly it settles its trade payables.
Peer comparison
Feb 3, 2024