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.