Dine Brands Global Inc (DIN)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	434,384	439,896	473,499	504,525	532,044	551,829	547,056	539,699	520,942	516,417	492,160	437,008	440,552	443,749	461,575	515,210	527,364	511,348	485,136	457,792
Payables	US$ in thousands	36,193	28,880	33,466	39,085	52,067	40,781	38,537	38,421	55,956	42,586	40,126	33,522	37,424	28,930	19,181	25,389	40,925	33,689	43,982	37,726
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $434,384K ÷ $36,193K
= 12.00

Dine Brands Global Inc's payables turnover has shown fluctuations over the past eight quarters. The highest payables turnover was seen in Q2 2022 at 6.82, while the lowest was in Q4 2023 at 3.54. Generally, a higher payables turnover indicates that the company is paying off its suppliers at a faster rate.

The average payables turnover for the eight quarters is 5.47. This implies that, on average, Dine Brands Global Inc is paying its accounts payable 5.47 times per year. A higher payables turnover ratio could suggest efficient management of payables and potentially favorable relationships with suppliers.

It is important for investors and analysts to monitor payables turnover as it can provide insights into the company's liquidity, operational efficiency, and relationships with suppliers. Fluctuations in payables turnover may indicate changes in payment terms, business operations, or financial health.