The Cato (FRA:CO2A) Days Payable : 68.17 (As of Jan. 2024)

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What is The Cato Days Payable?

The Cato's average Accounts Payable for the three months ended in Jan. 2024 was €81.5 Mil. The Cato's Cost of Goods Sold for the three months ended in Jan. 2024 was €109.0 Mil. Hence, The Cato's Days Payable for the three months ended in Jan. 2024 was 68.17.

The historical rank and industry rank for The Cato's Days Payable or its related term are showing as below:

FRA:CO2A' s Days Payable Range Over the Past 10 Years
Min: 54.77 Med: 66.39 Max: 73.84
Current: 69.19

During the past 13 years, The Cato's highest Days Payable was 73.84. The lowest was 54.77. And the median was 66.39.

FRA:CO2A's Days Payable is ranked better than
58.8% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs FRA:CO2A: 69.19

The Cato's Days Payable declined from Jan. 2023 (73.36) to Jan. 2024 (68.17). It may suggest that The Cato accelerated paying its suppliers.

The Cato Days Payable Historical Data

The historical data trend for The Cato's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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The Cato Days Payable Chart

The Cato Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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53.93

62.72

71.72

70.29

71.06

The Cato Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															73.36	68.04	67.56	72.39	68.17

Competitive Comparison of The Cato's Days Payable

For the Apparel Retail subindustry, The Cato's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Cato's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The Cato's Days Payable distribution charts can be found below:

* The bar in red indicates where The Cato's Days Payable falls into.

The Cato Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

The Cato's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (85.335	+	80.62)	/	2 )	/	426.239	*	365
=	82.9775					/	426.239	*	365
=	71.06

The Cato's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (82.291	+	80.62)	/	2 )	/	109.038	*	365 / 4
=	81.4555					/	109.038	*	365 / 4
=	68.17

The Cato Days Payable Related Terms

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The Cato (FRA:CO2A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Cato Corp (FRA:CO2A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CATO:USA

Address

8100 Denmark Road, Charlotte, NC, USA, 28273-5975

Website

https://www.catofashions.com

The Cato Corp operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. Its primary objective is to be the fashion specialty retailer for fashion and value in its markets. The company operates through the following business segments: Retail and Credit. The Retail segment which generates majority revenue offers fashion specialty stores. The Credit segment involves credit card services.

The Cato (FRA:CO2A) Headlines

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