Oxford Industries Inc (OXM)

Number of days of payables

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Payables turnover		17.87	12.96	12.67	12.76	15.98
Number of days of payables	days	20.42	28.16	28.81	28.61	22.85

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.87
= 20.42

The number of days of payables for Oxford Industries Inc has shown variability over the past five years. As of February 3, 2024, the number of days of payables stands at 20.42 days, indicating that the company takes approximately 20 days on average to pay its outstanding payables. This represents an improvement compared to the previous year where it took 28.16 days to settle payables.

Looking back over the past five years, the trend in the number of days of payables fluctuates. In 2021, the company took 28.61 days to pay its payables, slightly higher than in 2022 and 2023, at 28.81 and 28.16 days respectively. Notably, there was a decrease in the number of days of payables in 2020, where it took 22.85 days to settle payables.

Overall, a lower number of days of payables can indicate efficient management of working capital, while a higher number may suggest that the company is taking longer to pay its suppliers, potentially indicating cash flow challenges or strained supplier relationships. Monitoring this ratio over time can provide insights into Oxford Industries Inc's payment practices and financial health.