Foot Locker Inc (FL)
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 | 21.89 | 9.62 | 11.21 | 12.27 | 12.04 | 11.30 | 9.84 | 10.55 | 9.85 | 10.23 | 10.90 | 8.86 | 9.89 | 7.70 | 3.23 | 0.17 | 0.19 | 0.08 | 0.08 | 0.05 | |
| Number of days of payables | days | 16.67 | 37.93 | 32.56 | 29.75 | 30.31 | 32.31 | 37.10 | 34.60 | 37.05 | 35.69 | 33.50 | 41.20 | 36.91 | 47.41 | 113.05 | 2,190.00 | 1,899.14 | 4,662.58 | 4,790.62 | 7,838.81 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.89
= 16.67
The number of days of payables for Foot Locker Inc has fluctuated significantly over the analyzed period. The trend shows some variation, but with noticeable extremes in certain periods. In recent years, the days of payables have been within a reasonable range, indicating a relatively stable payment cycle. However, there are outliers that stand out such as the extremely high number of days in the May 2, 2020 period, which suggests a potential anomaly or one-off situation affecting the payables.
It is essential for Foot Locker Inc to manage its payables effectively to maintain strong relationships with suppliers and optimize working capital. Consistently monitoring and analyzing this metric can provide insights into the company's liquidity, operational efficiency, and financial health. Strategic payables management is crucial for maintaining a balanced cash flow and sustainable business operations.
Peer comparison
Feb 3, 2024