Texas Roadhouse Inc (TXRH)

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		31.57	31.83	32.26	33.02	33.96	48.12	41.32	36.23	32.15	15.74	13.22	12.50	15.78	16.49	17.29	26.46	18.19	18.17	16.11	12.68
Number of days of payables	days	11.56	11.47	11.31	11.05	10.75	7.58	8.83	10.08	11.35	23.19	27.62	29.19	23.12	22.13	21.12	13.80	20.07	20.09	22.66	28.79

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 31.57
= 11.56

The number of days of payables for Texas Roadhouse Inc has varied over the past several quarters, ranging from as low as 7.58 days to as high as 29.19 days. The trend indicates that the company has managed to keep its payables turnover relatively consistent, with minor fluctuations. Lower numbers of days of payables suggest that the company is paying its suppliers more quickly, while higher numbers indicate a longer time taken to settle its payables. For Texas Roadhouse Inc, the number of days of payables has generally been within a reasonable range, indicating effective management of payment schedules and relationships with suppliers. It is important to monitor this metric to ensure that the company maintains a healthy balance between managing cash flow and maintaining positive supplier relationships.