Dine Brands Global Inc (DIN)

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		12.00	15.23	14.15	12.91	10.22	13.53	14.20	14.05	9.31	12.13	12.27	13.04	11.77	15.34	24.06	20.29	12.89	15.18	11.03	12.13
Number of days of payables	days	30.41	23.96	25.80	28.28	35.72	26.97	25.71	25.98	39.21	30.10	29.76	28.00	31.01	23.80	15.17	17.99	28.33	24.05	33.09	30.08

December 31, 2023 calculation

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

Dine Brands Global Inc's number of days of payables has shown some variability over the last eight quarters. In Q4 2023, the company's number of days of payables was 103.21 days, which increased from the previous quarter's 76.96 days. This suggests that the company took longer to pay its suppliers in Q4 2023 compared to Q3 2023.

Looking at a longer trend, compared to the same quarter last year (Q4 2022), the number of days of payables in Q4 2023 was higher (103.21 days vs. 78.61 days). This indicates that the company is taking more time to pay its suppliers in recent quarters.

Overall, a higher number of days of payables could suggest that Dine Brands Global Inc is taking longer to settle its outstanding obligations with its suppliers. This could have implications for the company's cash flow management and relationship with its vendors. It would be important for investors and stakeholders to monitor this trend to assess the company's financial health and working capital management.