Dollar General Corporation (DG)

Number of days of payables

		Feb 2, 2024	Nov 3, 2023	Aug 4, 2023	May 5, 2023	Feb 3, 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	Aug 2, 2019	May 3, 2019
Payables turnover		9.49	9.32	9.10	8.94	9.72	8.02	7.39	8.07	8.29	8.69	8.98	9.14	8.35	7.72	8.28	6.96	6.67	6.56	6.65	9.78
Number of days of payables	days	38.47	39.18	40.12	40.82	37.57	45.50	49.36	45.25	44.02	42.01	40.64	39.94	43.69	47.31	44.07	52.47	54.72	55.64	54.89	37.31

February 2, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.49
= 38.47

The number of days of payables for Dollar General Corporation has shown some fluctuations over the past few years. The company's payables turnover period ranged from 37.31 days to 55.64 days. Generally, a lower number of days of payables indicates that the company takes less time to pay off its suppliers, which could be a sign of good liquidity management. On the other hand, a higher number of days of payables could suggest that the company is taking a longer time to settle its bills, which may indicate strained liquidity or potentially lenient payment terms with suppliers.

In analyzing Dollar General Corporation's number of days of payables, it is important to consider industry benchmarks and trends over time to assess how effectively the company is managing its working capital and cash flow. The fluctuations in the payables period could be influenced by various factors such as changes in purchasing volumes, payment terms negotiation with suppliers, or shifts in business strategies. Further investigation into the underlying reasons for these fluctuations would provide valuable insights into the company's financial health and operational efficiency.