The Cheesecake Factory (CAKE)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 26.76 | 25.43 | 23.23 | 35.95 | 26.15 | |
| Number of days of payables | days | 13.64 | 14.36 | 15.71 | 10.15 | 13.96 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 26.76
= 13.64
The number of days of payables for The Cheesecake Factory decreased from 13.96 days as of December 31, 2020, to 10.15 days as of December 31, 2021, indicating that the company took fewer days to pay its suppliers in 2021. However, the number of days of payables then increased to 15.71 days by December 31, 2022, and decreased slightly to 14.36 days by December 31, 2023. As of December 31, 2024, the number of days of payables stood at 13.64 days. This fluctuation in the number of days of payables suggests changes in the company's payment policies and efficiency in managing its accounts payable over the years.
Peer comparison
Dec 31, 2024