Ollie's Bargain Outlet Hldg (OLLI)

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		14.64	17.12	14.47	17.35	18.80	19.92	16.79	15.40	14.53	12.60	16.59	17.77	13.06	11.68	12.93	22.22	19.56	15.56	12.78	12.12
Number of days of payables	days	24.94	21.31	25.22	21.04	19.41	18.32	21.74	23.71	25.13	28.97	22.01	20.54	27.94	31.25	28.22	16.43	18.66	23.46	28.57	30.12

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 over the past several reporting periods has shown some fluctuations. On average, the company takes around 23 to 25 days to pay its suppliers or vendors for goods and services received.

The trend indicates a relatively consistent payment cycle, with occasional variations observed. For instance, there was a slight decrease in the number of days of payables in the most recent period compared to the preceding one. This could suggest a potential improvement in the company's liquidity position or efficiency in managing its payables.

Overall, monitoring the number of days of payables can provide insights into Ollie's Bargain Outlet Hldg's working capital management and relationships with suppliers. A stable and optimized payables period is essential for maintaining good vendor relations and cash flow management.