Ulta Beauty Inc (ULTA)

Number of days of payables

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Payables turnover		12.55	11.02	9.52	8.81	11.39
Number of days of payables	days	29.09	33.13	38.34	41.43	32.04

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.55
= 29.09

The number of days of payables for Ulta Beauty Inc has fluctuated over the past five years as follows:

- In the latest fiscal year as of February 3, 2024, Ulta Beauty Inc had 29.09 days of payables, indicating that, on average, the company takes approximately 29 days to pay off its trade payables.

- Comparing to the previous years, the number of days of payables was 33.13 days as of January 28, 2023, which decreased from 38.34 days as of January 29, 2022, and 41.43 days as of January 30, 2021.

- However, it was a bit higher than two years ago when it was 32.04 days as of February 1, 2020.

Analyzing the trend in the number of days of payables can provide insights into the company's payment practices and financial management strategies. A decreasing trend may suggest that the company is managing its payables more efficiently, potentially negotiating better terms with suppliers or improving cash flow management. Conversely, an increasing trend may indicate liquidity challenges or delays in payment processing.

Overall, Ulta Beauty Inc's fluctuating number of days of payables over the past five years reflects changes in its payment efficiency and financial performance, which could be influenced by various internal and external factors impacting the company's operations.