Ulta Beauty Inc (ULTA)

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		12.55	11.09	12.48	10.20	11.02	9.04	9.68	9.36	9.52	6.67	8.95	8.17	8.81	8.93	10.87	9.63	11.39	7.73	10.07	10.86
Number of days of payables	days	29.09	32.90	29.25	35.78	33.13	40.36	37.70	38.98	38.34	54.70	40.80	44.66	41.43	40.86	33.58	37.90	32.04	47.19	36.26	33.62

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 varied over time, ranging from as low as 29.09 days to as high as 54.70 days. This metric indicates how long, on average, it takes for the company to pay its suppliers and vendors. A lower number of days of payables suggests that the company is managing its payables efficiently, potentially improving its cash flow position. On the other hand, a higher number of days of payables may indicate that the company is taking longer to settle its outstanding liabilities, which could potentially strain relationships with suppliers. It is important for Ulta Beauty Inc to closely monitor and manage its payables turnover to maintain a healthy balance between optimizing cash flow and maintaining vendor relationships.