The Gap, Inc. (GAP)

Number of days of payables

		Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Payables turnover		5.95	6.76	7.77	5.14	5.22
Number of days of payables	days	61.31	54.03	46.97	70.98	69.95

February 1, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.95
= 61.31

The number of days of payables for The Gap, Inc. have shown some fluctuations over the years based on the provided data.

1. As of January 30, 2021, the company took approximately 69.95 days to pay its accounts payable on average.

2. By January 29, 2022, the average number of days to pay its payables increased slightly to 70.98 days.

3. However, by January 28, 2023, The Gap, Inc. was able to significantly improve its efficiency in managing payable obligations, reducing the number of days to 46.97 days.

4. Despite the improvement in 2023, there was a slight increase in the number of days of payables to 54.03 days as of February 3, 2024.

5. Finally, as of February 1, 2025, the number of days of payables increased further to 61.31 days, indicating that the company took slightly longer to pay its accounts payable compared to the previous year.

Overall, the trend in the number of days of payables for The Gap, Inc. suggests some variability in the efficiency of managing its payables over the years, with fluctuations in the time taken to settle its obligations to suppliers.