Dollar Tree Inc (DLTR)

Number of days of payables

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Payables turnover		10.32	11.18	11.53	12.48	10.22	10.20	9.35	10.39	9.87	9.20	11.46	11.67	11.97	12.09	13.72	16.03	16.73	11.07	11.04	13.26
Number of days of payables	days	35.38	32.65	31.65	29.24	35.73	35.78	39.04	35.13	36.98	39.66	31.86	31.28	30.49	30.19	26.60	22.77	21.81	32.98	33.07	27.52

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.32
= 35.38

The number of days of payables for Dollar Tree Inc has shown some fluctuations over the past years, ranging from as low as 21.81 days to as high as 39.66 days. It is noteworthy that the company has managed to keep its payables turnover relatively stable, with a median value of around 32 days. During some periods, the number of days of payables has been relatively higher, indicating a longer period taken by the company to pay off its suppliers. Conversely, there were instances where the number of days of payables decreased, implying a faster turnaround in settling its payables.

Overall, Dollar Tree Inc's number of days of payables reflects its management of trade credit and supplier payment terms. Further analysis in conjunction with other financial metrics would provide additional insights into the company's working capital management efficiency and financial health.