Movado Group Inc (MOV)

Number of days of payables

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Payables turnover		19.00	27.17	22.19	25.88	19.85	15.58	12.34	14.48	13.54	20.54	12.62	15.38	23.52	19.65	24.55	40.52	18.86	19.76	13.27	17.29
Number of days of payables	days	19.21	13.43	16.45	14.11	18.39	23.42	29.59	25.20	26.96	17.77	28.91	23.73	15.52	18.58	14.87	9.01	19.35	18.47	27.50	21.11

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.00
= 19.21

Movado Group Inc's number of days of payables has shown some fluctuations over the past few periods. The trend indicates variability in the company's payment terms to its suppliers. For the most recent period ending on January 31, 2024, the number of days of payables was 19.21 days, showing a slight increase compared to the previous period. This suggests that Movado Group Inc took slightly longer to pay its suppliers in the most recent period.

It is important to note that the number of days of payables is a measure of how long it takes a company to pay its suppliers. A higher number of days of payables may signal that the company is taking longer to settle its outstanding liabilities, potentially indicating either stretched cash flows or an intentional strategy to manage working capital efficiently. Conversely, a lower number of days of payables may indicate a more aggressive payment strategy or potentially a stronger bargaining power with suppliers.

Overall, monitoring Movado Group Inc's number of days of payables over time can provide insights into the company's liquidity management, cash flow efficiency, and supplier relationships.