The Gap, Inc. (GAP)

Number of days of payables

		Aug 3, 2024	May 4, 2024	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
Payables turnover		5.89	7.56	6.76	6.49	6.85	8.29	7.77	7.52	6.21	6.29	5.14	6.00	6.24	6.29	5.22	4.09	5.77	10.02	8.73	8.24
Number of days of payables	days	61.97	48.27	54.03	56.20	53.31	44.04	46.97	48.53	58.73	58.06	70.98	60.79	58.49	58.07	69.95	89.27	63.23	36.44	41.81	44.29

August 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.89
= 61.97

The number of days of payables for The Gap, Inc. has shown some fluctuations over the past few periods. On average, the company takes around 55 days to pay its suppliers. The data reveals that the company's payment cycle has ranged from as low as 36.44 days to as high as 89.27 days, indicating potential variability in managing its accounts payable. Monitoring the trend of this ratio can provide insights into the company's working capital management and its relationships with suppliers.