Oxford Industries Inc (OXM)

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		17.79	20.13	17.77	18.56	12.94	15.86	14.28	15.59	12.66	15.29	15.33	9.54	7.21	10.34	12.25	21.01	15.97	17.21	21.13	19.94
Number of days of payables	days	20.52	18.13	20.54	19.66	28.21	23.02	25.57	23.42	28.82	23.87	23.81	38.27	50.60	35.29	29.80	17.38	22.86	21.21	17.27	18.30

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.79
= 20.52

The number of days of payables for Oxford Industries Inc has shown some fluctuations over the past few reporting periods. On average, the company takes around 23 days to pay its suppliers. However, there have been periods where the number of days of payables has been as low as 17 days and as high as 50 days.

A lower number of days of payables suggests that the company is managing its payables efficiently, possibly taking advantage of discounts for early payment or negotiating favorable terms with suppliers. On the other hand, a higher number of days of payables may indicate that the company is facing cash flow challenges or may be stretching payment terms with suppliers.

Overall, it is important to closely monitor the trend in days of payables to assess the company's liquidity position and its ability to effectively manage its working capital.