Five Below Inc (FIVE)

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		12.20	8.79	11.94	12.31	12.64	9.68	10.00	11.33	12.93	9.48	13.61	12.49	13.35	7.16	13.30	11.66	12.79	7.42	12.41	11.09
Number of days of payables	days	29.91	41.53	30.57	29.65	28.88	37.69	36.51	32.23	28.23	38.52	26.82	29.23	27.34	50.96	27.44	31.31	28.54	49.19	29.42	32.90

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.20
= 29.91

The number of days of payables for Five Below Inc has varied over the past few reported periods, ranging from a low of 26.82 days to a high of 50.96 days. On average, the company takes around 32 days to pay its suppliers. This indicates that Five Below usually maintains a moderate level of payables, suggesting a balanced approach in managing its accounts payable and cash flow. It is important to monitor changes in this ratio over time to assess the company's ability to manage its working capital efficiently.