Dine Brands Global Inc (DIN)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		12.00	10.22	9.31	11.77	12.89
Number of days of payables	days	30.41	35.72	39.21	31.01	28.33

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.00
= 30.41

Based on the data provided for Dine Brands Global Inc, the number of days of payables have shown variability over the past five years. The number of days of payables has increased from 34.21 days in 2019 to 103.21 days in 2023. This indicates that the company is taking longer to pay its suppliers compared to previous years.

The significant increase in the number of days of payables could suggest that Dine Brands Global Inc is taking advantage of extended payment terms with its suppliers to manage its cash flow more effectively. However, a higher number of days of payables may also indicate potential liquidity issues or strained relationships with suppliers.

It is important for stakeholders to closely monitor this trend to assess its implications on the company's working capital management and overall financial health. Additionally, comparisons with industry benchmarks and peer companies can provide further insights into the efficiency of Dine Brands Global Inc's payables management.