Chipotle Mexican Grill Inc (CMG)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 31.91 | 30.68 | 31.18 | 34.45 | 34.04 | |
| Number of days of payables | days | 11.44 | 11.90 | 11.71 | 10.59 | 10.72 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 31.91
= 11.44
The number of days of payables for Chipotle Mexican Grill has slightly decreased from 25.89 days in 2022 to 24.77 days in 2023. This indicates that, on average, the company takes approximately 24.77 days to pay its suppliers for goods and services purchased on credit. The trend over the past five years shows relatively consistent payment practices, with the number of days of payables fluctuating within a narrow range between 22.88 days in 2019 and 25.89 days in 2022. This suggests that Chipotle Mexican Grill has been managing its payment obligations effectively, neither significantly extending nor shortening the time it takes to settle its payables.
Peer comparison
Dec 31, 2023