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GuruFocus has detected 1 Warning Sign with Ross Stores Inc $ROST.
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Ross Stores Inc (NAS:ROST)
Days Payable
46.14 (As of Apr. 2017)

Ross Stores Inc's payable for the three months ended in Apr. 2017 was $1,178 Mil. Ross Stores Inc's cost of goods sold for the three months ended in Apr. 2017 was $2,330 Mil. Hence, Ross Stores Inc's days payable for the three months ended in Apr. 2017 was 46.14.

ROST' s Days Payable Range Over the Past 10 Years
Min: 38.65   Max: 50.36
Current: 46.1

38.65
50.36

During the past 13 years, Ross Stores Inc's highest Days Payable was 50.36. The lowest was 38.65. And the median was 43.30.

ROST's Days Payable is ranked lower than
67% of the 657 Companies
in the Global Apparel Stores industry.

( Industry Median: 53.24 vs. ROST: 46.10 )

Ross Stores Inc's days payable increased from Apr. 2016 (44.29) to Apr. 2017 (46.14). It may suggest that Ross Stores Inc delayed paying its suppliers.


Definition

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

Ross Stores Inc's Days Payable for the fiscal year that ended in Jan. 2017 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1021.735/9173.705*365
=40.65

Ross Stores Inc's Days Payable for the quarter that ended in Apr. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1178.029/2329.966*365 / 4
=46.14

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Ross Stores Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
DaysPayable 50.3639.5345.1048.8944.5542.0438.6546.0140.2440.65

Ross Stores Inc Quarterly Data

Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17Apr17
DaysPayable 41.4449.8244.9947.9636.1544.2945.6247.5336.7146.14
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