Macy’s Inc (M)
Number of days of payables
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.40 | 6.67 | 11.85 | 9.81 | 11.62 | 6.22 | 10.45 | 8.30 | 10.49 | 5.73 | 8.43 | 7.84 | 11.42 | 7.35 | 17.77 | 11.96 | 14.56 | 7.09 | 14.61 | 12.51 | |
| Number of days of payables | days | 29.44 | 54.72 | 30.80 | 37.22 | 31.40 | 58.68 | 34.94 | 44.00 | 34.80 | 63.71 | 43.31 | 46.54 | 31.98 | 49.64 | 20.54 | 30.53 | 25.07 | 51.47 | 24.97 | 29.18 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.40
= 29.44
The number of days of payables for Macy's Inc has shown fluctuations over the past few quarters. As of Feb 3, 2024, Macy's had an average payment period of 29.44 days, indicating that on average it takes the company approximately 29.44 days to pay its suppliers.
Looking at the trend, we observe that the number of days of payables has been volatile, ranging from a low of 20.54 days on Aug 1, 2020, to a high of 63.71 days on Oct 30, 2021. This suggests variability in Macy's payment practices and possibly changes in its supplier relationships or cash management strategies.
Overall, a lower number of days of payables indicates that Macy's is paying its suppliers more quickly, which may improve relationships but could also strain its cash flow. Conversely, a higher number of days of payables suggests that Macy's is taking longer to pay its suppliers, potentially conserving cash in the short term but risking supplier dissatisfaction.
It is important for Macy's to carefully manage its accounts payable turnover and ensure that its payment practices are balanced to maintain positive supplier relationships while also effectively managing its cash flow.
Peer comparison
Feb 3, 2024