GameStop Corp (GME)
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 | 12.28 | 5.33 | 11.72 | 7.88 | 8.57 | 5.30 | 22.02 | 12.40 | 9.90 | 6.27 | 10.28 | 10.39 | 11.21 | 8.53 | 15.69 | 19.89 | 11.97 | 7.43 | 15.35 | 12.65 | |
| Number of days of payables | days | 29.72 | 68.49 | 31.15 | 46.31 | 42.57 | 68.93 | 16.57 | 29.44 | 36.87 | 58.22 | 35.51 | 35.12 | 32.57 | 42.81 | 23.27 | 18.35 | 30.50 | 49.12 | 23.77 | 28.85 |
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 varied over the past few reporting periods, indicating fluctuations in the company's payment practices to its suppliers. On average, GameStop took around 39 days to pay its accounts payable based on the data provided.
The number of days of payables ranged from as low as 16.57 days to as high as 68.93 days, suggesting potential changes in the company's working capital management. A lower number of days of payables could indicate efficient cash management or strong supplier relationships, while a higher number may indicate liquidity challenges or extended payment terms negotiated with suppliers.
Overall, monitoring the number of days of payables can provide insights into GameStop's liquidity position, operational efficiency, and relationships with suppliers, which are important factors for investors and creditors to consider when assessing the company's financial health.
See also:
GameStop Corp Average Payables Payment Period (Quarterly Data)