Ollie's Bargain Outlet Hldg (OLLI)

Number of days of payables

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Payables turnover		14.64	18.80	14.53	13.06	19.56
Number of days of payables	days	24.94	19.41	25.13	27.94	18.66

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.64
= 24.94

The number of days of payables for Ollie's Bargain Outlet Hldg has shown fluctuations over the past five years. As of February 3, 2024, the company took approximately 24.94 days to pay its suppliers, which is higher compared to the previous year. In January 2023, the number of days was 19.41, indicating a shorter period to settle payables. Looking back at January 29, 2022, and January 30, 2021, the company took around 25.13 days and 27.94 days, respectively, to pay its suppliers, suggesting a longer payment cycle during those years. In contrast, on February 1, 2020, the number of days of payables was lower at 18.66 days, showing a trend towards faster payment to suppliers. Analyzing these figures indicates variability in the company's payment practices, which could be influenced by factors such as cash flow management, supplier relationships, and business operations.