Ross Stores Inc (ROST)

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		9.24	7.65	7.99	8.19	8.31	8.60	7.92	7.62	6.99	5.99	5.96	5.40	5.47	5.08	11.99	18.32	10.72	9.21	9.83	10.15
Number of days of payables	days	39.51	47.71	45.68	44.58	43.91	42.44	46.10	47.90	52.21	60.89	61.20	67.56	66.75	71.88	30.45	19.92	34.06	39.63	37.12	35.96

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 shown some fluctuations over the periods indicated. The average number of days of payables is a crucial metric that indicates how long it takes for the company to pay its suppliers or vendors. A lower number of days of payables suggests that the company is paying its bills more quickly, potentially indicating efficient cash management or strong relationships with suppliers.

From the data provided, there seems to be some variability in Ross Stores Inc's number of days of payables. It ranged from a low of 19.92 days to a high of 71.88 days over the periods analyzed. Generally, a lower number of days of payables may indicate a more efficient use of working capital, while a higher number could suggest a lack of liquidity or strained supplier relationships.

It's important to consider trends in the number of days of payables over time to assess if there are any significant changes or patterns emerging. A consistent increase or decrease in this ratio could signal changes in the company's payment practices or supplier relationships that might be worth investigating further.

In conclusion, while the number of days of payables for Ross Stores Inc has varied over the periods analyzed, further analysis and comparison with industry benchmarks would provide more insights into the company's financial health and operational efficiency.