Foot Locker Inc (FL)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 21.95 | 16.54 | 13.59 | 17.97 | 22.04 | |
| Number of days of payables | days | 16.63 | 22.07 | 26.86 | 20.31 | 16.56 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.95
= 16.63
The number of days of payables for Foot Locker Inc has shown a decreasing trend over the past five years. In the most recent fiscal year ending on February 3, 2024, the company took approximately 16.63 days to pay its suppliers, which is lower than the previous year's figure of 22.07 days. This indicates that Foot Locker Inc has been managing its payables more efficiently, potentially negotiating better payment terms with its suppliers or improving its cash flow management. Looking back over the past five years, the company's number of days of payables has fluctuated, but overall, there seems to be a trend towards a more efficient management of payables. Efficient management of payables can have a positive impact on the company's working capital and overall financial health.
Peer comparison
Feb 3, 2024