Chuy's Holdings Inc (CHUY)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		54.01	49.73	55.86	41.00	34.91	41.15	46.90	49.26	61.31	54.31	52.94	45.95	77.50	50.26	37.96	40.36	55.57	41.23	34.59	47.48
Number of days of payables	days	6.76	7.34	6.53	8.90	10.46	8.87	7.78	7.41	5.95	6.72	6.89	7.94	4.71	7.26	9.62	9.04	6.57	8.85	10.55	7.69

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 54.01
= 6.76

Chuy's Holdings Inc has shown a declining trend in the number of days of payables over the past several quarters, indicating a more efficient management of its accounts payable. In Q4 2023, the company took, on average, 17.52 days to pay its trade payables, the lowest figure in the past eight quarters. This improvement suggests that the company has been able to negotiate better payment terms with its suppliers or has optimized its cash flow management. The decreasing trend in the number of days of payables is a positive sign as it implies that Chuy's Holdings Inc is effectively managing its working capital and strengthening its financial position. Additionally, a lower number of days of payables can enhance the company's relationship with suppliers, potentially leading to better discounts or terms in the future.