Dick’s Sporting Goods Inc (DKS)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 9.39 | 9.34 | 8.01 | 7.03 | 8.40 | |
| Number of days of payables | days | 38.88 | 39.06 | 45.57 | 51.91 | 43.48 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.39
= 38.88
Based on the data provided, Dick’s Sporting Goods Inc has displayed varying trends in its number of days of payables over the last five years. The number of days of payables has fluctuated, with a general decreasing trend from 51.91 days in January 2021 to 38.88 days in February 2024. This indicates that the company has been able to manage its payables more efficiently over the years, taking fewer days to pay off its liabilities to suppliers and vendors.
A lower number of days of payables may suggest improved liquidity and working capital management for Dick’s Sporting Goods Inc. It could also indicate strong bargaining power with suppliers, allowing the company to negotiate better payment terms. However, a significant decrease in the number of days of payables should be carefully monitored to ensure that it does not negatively impact supplier relationships or cash flow management in the long term.
Overall, the decreasing trend in Dick’s Sporting Goods Inc's number of days of payables reflects potential improvements in operational efficiency and financial management practices within the company.
Peer comparison
Feb 3, 2024