Chipotle Mexican Grill Inc (CMG)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		34.16	31.91	30.68	31.18	34.45
Number of days of payables	days	10.69	11.44	11.90	11.71	10.59

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 34.16
= 10.69

The number of days of payables for Chipotle Mexican Grill Inc has shown a slight upward trend over the past five years. Starting at 10.59 days as of December 31, 2020, it increased to 11.71 days by December 31, 2021, and further to 11.90 days by December 31, 2022. Subsequently, there was a slight decrease to 11.44 days by December 31, 2023, before dropping to 10.69 days by December 31, 2024. Overall, Chipotle Mexican Grill Inc has been able to manage its payables efficiently, with the number of days outstanding remaining relatively stable over the period.