Lowe's Companies Inc (LOW)
Number of days of payables
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.60 | 8.65 | 7.41 | 7.35 | 8.60 | |
| Number of days of payables | days | 42.46 | 42.18 | 49.24 | 49.69 | 42.46 |
February 2, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.60
= 42.46
The number of days of payables for Lowe's Companies Inc has shown a relatively stable trend over the past five years, ranging from 42.18 days to 49.69 days. In particular, the payables turnover has hovered around the 42 to 49-day range, indicating that on average, the company takes approximately six to seven weeks to pay off its trade payables. This suggests that Lowe's is efficient in managing its accounts payable, maintaining a steady payment schedule to suppliers and vendors. A consistent number of days of payables also reflects the company's ability to effectively manage its working capital and liquidity position.
Peer comparison
Feb 2, 2024