Best Buy Co (FRA:BUY) Days Payable : 47.00 (As of Jan. 2024)

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What is Best Buy Co Days Payable?

Best Buy Co's average Accounts Payable for the three months ended in Jan. 2024 was €5,506 Mil. Best Buy Co's Cost of Goods Sold for the three months ended in Jan. 2024 was €10,690 Mil. Hence, Best Buy Co's Days Payable for the three months ended in Jan. 2024 was 47.00.

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

FRA:BUY' s Days Payable Range Over the Past 10 Years
Min: 55.66 Med: 57.38 Max: 62.69
Current: 59.96

During the past 13 years, Best Buy Co's highest Days Payable was 62.69. The lowest was 55.66. And the median was 57.38.

FRA:BUY's Days Payable is ranked better than
52.83% of 1079 companies
in the Retail - Cyclical industry
Industry Median: 56.41 vs FRA:BUY: 59.96

Best Buy Co's Days Payable declined from Jan. 2023 (51.85) to Jan. 2024 (47.00). It may suggest that Best Buy Co accelerated paying its suppliers.

Best Buy Co Days Payable Historical Data

The historical data trend for Best Buy Co'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.

* Premium members only.

Best Buy Co Days Payable Chart

Best Buy Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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56.50

63.58

60.43

61.03

56.00

Best Buy Co 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															51.85	66.48	64.37	74.92	47.00

Competitive Comparison of Best Buy Co's Days Payable

For the Specialty Retail subindustry, Best Buy Co'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.

Best Buy Co's Days Payable Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Best Buy Co's Days Payable falls into.

Best Buy Co 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.

Best Buy Co'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
=	( (5277.536	+	4256.766)	/	2 )	/	31073.382	*	365
=	4767.151					/	31073.382	*	365
=	56.00

Best Buy Co'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
=	( (6754.951	+	4256.766)	/	2 )	/	10690.11	*	365 / 4
=	5505.8585					/	10690.11	*	365 / 4
=	47.00

Best Buy Co Days Payable Related Terms

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Best Buy Co (FRA:BUY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (FRA:BUY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BBY:USA BBY:Mexico BBYY34:Brazil

Address

7601 Penn Avenue South, Richfield, MN, USA, 55423

Website

https://www.investors.bestbuy.com

With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.

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