Chipotle Mexican Grill Inc (CMG)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		34.16	31.38	33.29	33.15	31.91	29.29	36.61	31.63	30.68	33.33	34.47	31.30	31.18	27.78	32.70	29.54	34.45	19.02	18.00	22.43
Number of days of payables	days	10.69	11.63	10.96	11.01	11.44	12.46	9.97	11.54	11.90	10.95	10.59	11.66	11.71	13.14	11.16	12.36	10.59	19.19	20.28	16.27

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 some fluctuations over the quarters. From March 31, 2020, to September 30, 2020, the number of days of payables increased from 16.27 days to 19.19 days, indicating that the company took longer to pay its suppliers during this period. However, there was a significant decrease in the number of days of payables by December 31, 2020, down to 10.59 days, suggesting a more efficient management of payables.

The trend continued with slight fluctuations in the following quarters, with the number of days of payables hovering around the low double digits. By June 30, 2023, the number of days of payables fell to 9.97 days, indicating a further improvement in the company's ability to manage its payables efficiently.

Overall, Chipotle Mexican Grill Inc seems to have been effectively managing its payables over the analyzed period, maintaining a balance between timely payments to suppliers and maximizing cash flow. The declining trend in the number of days of payables reflects the company's efficiency in managing its working capital and supplier relationships.