Lululemon Athletica Inc. (LULU)

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		21.27	18.09	17.76	17.59	27.85	19.53	21.40	17.03	17.00	20.52	21.51	20.33	20.86	20.53	25.48	38.74	38.63	25.33	25.49	30.49
Number of days of payables	days	17.16	20.17	20.55	20.75	13.11	18.69	17.05	21.43	21.47	17.79	16.97	17.95	17.50	17.77	14.32	9.42	9.45	14.41	14.32	11.97

January 28, 2024 calculation

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

The number of days of payables for Lululemon Athletica Inc. has shown some fluctuations over the past few quarters. It measures how many days, on average, the company takes to pay its suppliers for goods and services purchased on credit.

In the most recent quarter, as of January 28, 2024, Lululemon Athletica Inc. took approximately 17.16 days to pay its payables, showing a slight decrease compared to the previous quarter where it took around 20.17 days. This decrease in the number of days of payables may indicate that the company is managing its payables more efficiently.

Looking back over the past few quarters, there have been instances where the number of days of payables has fluctuated, sometimes increasing and sometimes decreasing. However, the overall trend seems to suggest that Lululemon Athletica Inc. has been able to effectively manage its payables, with the number of days typically ranging between 15 to 22 days.

It is essential to monitor the number of days of payables as it can provide insights into the company's liquidity and cash flow management. A decreasing trend may indicate improved efficiency in managing supplier payments, while a significant increase could suggest liquidity issues or changes in payment terms with suppliers.