The TJX Companies Inc (TJX)

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		12.79	8.83	10.58	10.75	12.17	9.12	11.23	10.49	10.00	7.74	9.08	8.12	6.72	5.41	13.83	33.18	14.28	10.79	14.05	14.05
Number of days of payables	days	28.55	41.35	34.49	33.97	29.99	40.02	32.51	34.78	36.50	47.15	40.22	44.94	54.32	67.50	26.40	11.00	25.56	33.83	25.97	25.98

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.79
= 28.55

The number of days of payables for The TJX Companies Inc has shown fluctuations over the past few years. On average, the company takes around 35 to 40 days to pay its suppliers.

The number of days of payables ranged from as low as 11 days to as high as 67.5 days during the period studied. A lower number of days of payables indicates that the company is paying its suppliers more quickly, while a higher number suggests that the company is taking longer to settle its payables.

Overall, The TJX Companies Inc's number of days of payables appears to have been relatively stable, with some variations seen over time. An upward trend in the number of days of payables could indicate a potential strain on cash flow or a change in the company's payment terms with suppliers. Monitoring this ratio can provide insights into the company's liquidity and working capital management.