The Gap, Inc. (GAP)

Number of days of payables

Feb 1, 2025 Nov 2, 2024 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
Payables turnover 5.95 5.88 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
Number of days of payables days 61.31 62.13 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

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. varied over the period from May 2, 2020, to February 1, 2025. Initially, on May 2, 2020, the company took around 36.44 days to pay its suppliers. This number increased over time, reaching its peak on October 31, 2020, with 89.27 days required to settle payables.

Subsequently, there was a downward trend in the number of days of payables, with a notable decrease to 44.04 days on April 29, 2023. Following this low point, there was a gradual increase in the number of days needed to pay off payables, with fluctuations observed until February 1, 2025, where the company required 61.31 days to settle its payables.

Overall, the number of days of payables for The Gap, Inc. showed variability over the period, reflecting the company's payment practices and possibly changes in its operational and financial strategies.