Movado Group Inc (MOV)
Number of days of payables
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 19.15 | 20.02 | 13.64 | 23.96 | 19.00 | |
| Number of days of payables | days | 19.06 | 18.23 | 26.77 | 15.24 | 19.21 |
January 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.15
= 19.06
Movado Group Inc's number of days of payables has shown variability over the past five years. As of January 31, 2024, the company took approximately 19.06 days to pay its outstanding payables. This represents a slight increase compared to the previous year, where it took 18.23 days to settle its payables.
Looking further back, in January 2022, Movado Group Inc's number of days of payables was higher at 26.77 days. However, in the preceding years of 2021 and 2020, the company managed to reduce its payment cycle significantly to 15.24 days and 19.21 days, respectively.
The trend in Movado Group Inc's number of days of payables indicates some fluctuations in the company's payment practices over the years. A lower number of days of payables may suggest that the company is managing its payables efficiently, while a higher number may indicate a stretched payment cycle or potential liquidity constraints. Further analysis of the company's financial health and operational efficiency is recommended to better understand the implications of these changes in the number of days of payables.