Lowe's Companies Inc (LOW)

Number of days of payables

		Feb 2, 2024	Nov 3, 2023	Aug 4, 2023	Feb 3, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019	Aug 2, 2019	May 3, 2019	Feb 1, 2019
Payables turnover		9.03	8.70	8.88	8.65	7.16	6.59	6.03	7.41	7.36	6.95	5.98	7.35	5.97	5.57	6.20	8.60	5.86	5.52	4.58	6.30
Number of days of payables	days	40.44	41.94	41.11	42.20	50.97	55.40	60.58	49.24	49.57	52.53	61.08	49.69	61.09	65.54	58.89	42.46	62.26	66.09	79.74	57.95

February 2, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.03
= 40.44

The number of days of payables for Lowe's Companies Inc has shown fluctuations over the past years, indicating the company's ability to manage its payables effectively.

The trend reveals that in recent periods, the number of days of payables has ranged from around 40 days to about 60 days. This suggests that Lowe's has been able to maintain a balanced approach in managing its payment commitments to suppliers.

Moreover, there were spikes in the number of days of payables in some periods, notably around late 2019, where it exceeded 75 days. This could indicate potential delays in payment processing or changes in the company's working capital management strategies during that time.

Overall, tracking the number of days of payables provides insights into Lowe's liquidity and cash flow management, highlighting the company's ability to negotiate favorable payment terms with its suppliers and optimize its working capital efficiency.