Wingstop Inc (WING)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		—	—	—	3.91	318.21	4.25	4.47	3.48	341.02	—	4.15	—	253.33	4.44	4.77	4.50	302.70	4.85	8.89	6.80
DOH	days	—	—	—	93.46	1.15	85.80	81.70	104.87	1.07	—	87.89	—	1.44	82.29	76.47	81.09	1.21	75.21	41.05	53.70

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Based on the data provided, Wingstop Inc's days of inventory on hand (DOH) have shown fluctuations over the periods analyzed.

1. In March 2020, Wingstop had 53.70 days of inventory on hand, indicating the company was holding inventory for approximately 53.70 days based on the cost of goods sold.

2. The DOH decreased to 41.05 days by June 2020, suggesting an improvement in inventory management efficiency.

3. However, there was a substantial increase in DOH to 75.21 days by September 2020, which could indicate potential issues with inventory turnover and management.

4. The DOH dropped significantly to 1.21 days by December 2020, implying a more efficient inventory management process or a significant reduction in inventory levels.

5. The DOH then spiked to 81.09 days by March 2021, indicating a potential buildup of inventory or slower inventory turnover.

6. The trend continued with DOH remaining elevated at 76.47 days in June 2021 and further increasing to 82.29 days in September 2021.

7. However, there was another drastic decrease to 1.44 days by December 2021, suggesting a significant reduction in inventory holding periods.

8. For the periods ending in March 2022, Wingstop did not report DOH data. This lack of data could indicate challenges in tracking or reporting inventory metrics.

9. By June 2022, DOH increased to 87.89 days, potentially signaling a need for improved inventory management practices.

10. Wingstop did not report DOH data for the subsequent periods, which may indicate data availability issues or changes in reporting practices.

11. In the last reported period of June 2024, Wingstop did not provide data on DOH, making it challenging to assess the current status of inventory management efficiency.

Overall, the analysis of Wingstop Inc's days of inventory on hand highlights fluctuations in inventory management performance over the periods reviewed, with periods of both efficient management and potential challenges in inventory turnover. Tracking and managing inventory levels effectively are crucial for optimizing working capital and operational performance.