Gap (LTS:0ITS) Days Payable : 48.34 (As of Jan. 2024)

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What is Gap Days Payable?

Gap's average Accounts Payable for the three months ended in Jan. 2024 was $1,391 Mil. Gap's Cost of Goods Sold for the three months ended in Jan. 2024 was $2,626 Mil. Hence, Gap's Days Payable for the three months ended in Jan. 2024 was 48.34.

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

LTS:0ITS' s Days Payable Range Over the Past 10 Years
Min: 40.95 Med: 43.86 Max: 67.19
Current: 53.72

During the past 13 years, Gap's highest Days Payable was 67.19. The lowest was 40.95. And the median was 43.86.

LTS:0ITS's Days Payable is ranked worse than
52.88% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs LTS:0ITS: 53.72

Gap's Days Payable increased from Jan. 2023 (43.83) to Jan. 2024 (48.34). It may suggest that Gap delayed paying its suppliers.

Gap Days Payable Historical Data

The historical data trend for Gap'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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Gap Days Payable Chart

Gap Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

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41.04

40.95

58.53

67.19

58.20

Gap 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															43.83	55.74	53.66	58.58	48.34

Competitive Comparison of Gap's Days Payable

For the Apparel Retail subindustry, Gap'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.

Gap's Days Payable Distribution in the Retail - Cyclical Industry

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

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

Gap 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.

Gap's Days Payable for the fiscal year that ended in Jan. 2023 is calculated as

	Days Payable (A: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (1951	+	1320)	/	2 )	/	10257	*	365
=	1635.5					/	10257	*	365
=	58.20

Gap'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
=	( (1433	+	1349)	/	2 )	/	2626	*	365 / 4
=	1391					/	2626	*	365 / 4
=	48.34

Gap Days Payable Related Terms

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Gap (LTS:0ITS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gap Inc (LTS:0ITS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GPS:USA GPS:Mexico GAP:Germany GPSI34:Brazil

Address

Two Folsom Street, San Francisco, CA, USA, 94105

Website

https://www.gapinc.com

Gap retails apparel, accessories, and personal-care products under the Gap, Old Navy, Banana Republic, and Athleta brands. Old Navy generates more than half of Gap's sales. The firm also operates e-commerce sites, outlet stores, and specialty stores under various Gap names. Gap operates approximately 2,600 stores in North America, Europe, and Asia and franchises more than 900 stores in Asia, Europe, Latin America, and other regions. Gap was founded in 1969 and is based in San Francisco.

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