Shake Shack Inc (SHAK)
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 23, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 24.99 | 21.35 | 25.63 | 26.33 | 19.93 | 22.27 | 22.56 | 25.97 | 16.18 | 17.10 | 10.57 | 10.25 | 10.26 | 12.27 | 15.76 | 24.93 | 28.81 | 24.66 | 95.09 | 26.69 | |
| Number of days of payables | days | 14.60 | 17.09 | 14.24 | 13.86 | 18.31 | 16.39 | 16.18 | 14.05 | 22.55 | 21.35 | 34.54 | 35.60 | 35.57 | 29.76 | 23.15 | 14.64 | 12.67 | 14.80 | 3.84 | 13.68 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 24.99
= 14.60
The number of days of payables for Shake Shack Inc has fluctuated over the past few quarters. The company takes, on average, approximately 16 days to pay its suppliers. In the most recent quarter, the number of days of payables decreased to 14.60 days, indicating a slight improvement in the company's ability to settle its payables quickly. However, the trend has been somewhat inconsistent, with fluctuations observed in previous quarters. It is essential for Shake Shack Inc to monitor and manage its payables effectively to ensure efficient cash flow management and maintain positive relationships with its suppliers.
Peer comparison
Dec 31, 2023