Lululemon Athletica Inc. (LULU)

Number of days of payables

		Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Payables turnover		21.27	39.32	17.00	20.86	38.63
Number of days of payables	days	17.16	9.28	21.47	17.50	9.45

January 28, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.27
= 17.16

Lululemon Athletica Inc.'s number of days of payables has fluctuated over the past five years. As of January 28, 2024, the company had an average payment period of 17.16 days, representing an increase compared to the previous year where it was 9.28 days on January 29, 2023. This suggests that Lululemon may be taking longer to pay its creditors in the most recent period.

Looking further back, in January 30, 2022, the number of days of payables was 21.47 days, indicating a significant increase compared to the current period. Subsequently, on January 31, 2021, the number of days of payables was 17.50 days, showing a slight decrease from the previous year.

In comparison, on February 2, 2020, Lululemon had a lower number of days of payables at 9.45 days, demonstrating a shorter average payment period. The trend in the number of days of payables suggests that Lululemon's payment practices have varied over the past five years, with some periods showing longer payment periods compared to others.