The Cheesecake Factory (CAKE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 25.43 | 23.23 | 35.95 | 26.15 | 26.65 | |
| Number of days of payables | days | 14.36 | 15.71 | 10.15 | 13.96 | 13.70 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.43
= 14.36
The number of days of payables for The Cheesecake Factory has exhibited variation over the past five years. The trend shows that the company took longer to pay its suppliers in 2022 compared to 2021, with an increase from 10.15 days to 15.71 days. However, in 2023, there was an improvement in the efficiency of payables management as the number of days decreased to 14.36 days. This indicates that the company was able to settle its trade payables more quickly compared to the previous year. Overall, the data suggests that The Cheesecake Factory has been managing its payables effectively, maintaining a relatively stable range of around 13 to 16 days over the past five years.
Peer comparison
Dec 31, 2023