Home Depot Inc (HD)

Number of days of payables

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Payables turnover		10.13	8.92	8.51	8.20	9.14	8.43	7.19	6.59	7.45	7.32	7.47	6.44	7.52	6.42	6.73	7.35	9.33	7.91	7.62	6.99
Number of days of payables	days	36.02	40.94	42.89	44.51	39.92	43.29	50.75	55.35	48.98	49.87	48.87	56.65	48.55	56.81	54.27	49.65	39.12	46.16	47.87	52.22

January 28, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.13
= 36.02

To analyze Home Depot Inc's number of days of payables, we track the trend over multiple reporting periods from November 2019 to January 2024. The number of days of payables represents how long, on average, Home Depot takes to pay its suppliers and vendors.

The data shows fluctuations in the number of days of payables, ranging from a low of 36.02 days in January 2024 to a high of 56.81 days in May 2021. The trend seems to be somewhat cyclical, with peaks and troughs observed throughout the periods.

On average, Home Depot takes about 45 days to pay its payables, with some periods deviating significantly from the average. This suggests that Home Depot's payment terms with suppliers may vary based on business conditions, seasonality, or other factors.

Overall, a detailed analysis of Home Depot Inc's number of days of payables reveals fluctuations over time, indicating potential changes in working capital management or vendor relationships. Further examination of the underlying causes of these fluctuations could provide insights into Home Depot's liquidity position and operational efficiency.