GameStop Corp (GME)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.28 | 8.57 | 9.90 | 11.21 | 11.97 | |
| Number of days of payables | days | 29.72 | 42.57 | 36.87 | 32.57 | 30.50 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.28
= 29.72
The number of days of payables for GameStop Corp has fluctuated over the past five years. In fiscal year 2023, the company took an average of 42.57 days to pay its suppliers, which was higher compared to the previous year's average of 36.87 days in fiscal year 2022. However, there was an improvement in fiscal year 2024 as the number of days of payables decreased to 29.72 days. This indicates that GameStop has been managing its payables more efficiently in the most recent period. Overall, the trend in the number of days of payables suggests that GameStop has been able to better control its payment cycle in recent years.