Ross Stores Inc (ROST)

Number of days of payables

Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Payables turnover 9.24 8.31 6.99 5.47 10.72
Number of days of payables days 39.51 43.91 52.21 66.75 34.06

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.24
= 39.51

The number of days of payables for Ross Stores Inc has fluctuated over the past five years. As of February 3, 2024, the company took an average of 39.51 days to pay its payables, which represents a decrease compared to the previous year's figure of 43.91 days. This suggests that the company has been managing its payables more efficiently, potentially negotiating better payment terms with suppliers or improving internal processes.

Comparing the current figure to earlier years, we observe a decreasing trend in the number of days of payables. In January 2023, the company took 52.21 days to settle its payables, which indicates a significant improvement over the past year. The trend continues with data from January 2022 and January 2021, where the number of days of payables stood at 66.75 days and 34.06 days, respectively.

Overall, the decreasing trend in the number of days of payables for Ross Stores Inc suggests a more efficient management of its working capital and supplier relationships. This could positively impact cash flow and liquidity position, as the company is taking less time to pay its obligations.


Peer comparison

Feb 3, 2024


See also:

Ross Stores Inc Average Payables Payment Period