Simply Good Foods Co (SMPL)

Number of days of payables

		Feb 24, 2024	Nov 25, 2023	Aug 26, 2023	May 27, 2023	Feb 25, 2023	Nov 26, 2022	Aug 27, 2022	May 28, 2022	Feb 26, 2022	Nov 27, 2021	Aug 28, 2021	May 29, 2021	Feb 27, 2021	Nov 28, 2020	Aug 29, 2020	May 30, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 25, 2019
Payables turnover		14.53	18.44	14.98	16.57	12.71	13.67	11.75	11.15	10.49	14.08	10.04	16.15	15.02	14.37	15.27	14.95	10.38	9.50	19.46	16.63
Number of days of payables	days	25.12	19.79	24.36	22.03	28.73	26.69	31.07	32.73	34.79	25.93	36.35	22.59	24.30	25.40	23.90	24.41	35.18	38.42	18.76	21.95

February 24, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.53
= 25.12

The number of days of payables for Simply Good Foods Co has exhibited fluctuations over the past years, ranging from 18.76 days to 38.42 days. On average, the company takes around 25 to 35 days to settle its payables with suppliers. The trend shows some variability but generally indicates a consistent approach to managing its accounts payable. Further analysis of the underlying reasons for fluctuations in these days of payables figures could provide valuable insights into the company's working capital management and supplier relationships.