Ollie's Bargain Outlet Hldg (OLLI)

Number of days of payables

Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Feb 3, 2024 Jan 31, 2024 Oct 31, 2023 Oct 28, 2023 Jul 31, 2023 Jul 29, 2023 Apr 30, 2023 Apr 29, 2023 Jan 31, 2023 Jan 28, 2023 Oct 31, 2022 Oct 29, 2022 Jul 31, 2022 Jul 30, 2022 Apr 30, 2022 Jan 31, 2022
Payables turnover — — — — 13.05 — — 14.24 — 12.44 — 15.06 — 15.89 — 16.81 — 15.14 — —
Number of days of payables days — — — — 27.97 — — 25.63 — 29.35 — 24.23 — 22.98 — 21.71 — 24.11 — —

January 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

The number of days of payables for Ollie's Bargain Outlet Hldg has shown some fluctuations over the periods provided. The data indicates that the company's payables turnover cycle varies.

As of July 30, 2022, the number of days of payables was 24.11 days. This suggests that, on average, Ollie's Bargain Outlet Hldg took approximately 24 days to pay its suppliers. Subsequently, by October 29, 2022, this metric improved slightly to 21.71 days, indicating a slightly faster payment cycle.

Moving forward, the number of days of payables increased to 22.98 days as of January 28, 2023, and peaked at 29.35 days by July 29, 2023. This increase signifies that the company took longer to settle its payables, possibly affecting its cash flow position.

However, there was a decline to 25.63 days by October 28, 2023, indicating that Ollie's Bargain Outlet Hldg improved its payables turnover cycle. The trend continued with a further decrease to 27.97 days by February 3, 2024.

Overall, a lower number of days of payables suggests that the company is paying its suppliers more quickly, potentially demonstrating efficient cash management. Conversely, a higher number of days of payables may indicate a strain on working capital or strategic delays in payment to manage cash flows.