Wingstop Inc (WING)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	211,733	170,244	132,656	122,611	119,868
Inventory	US$ in thousands	—	535	389	484	396
Inventory turnover		—	318.21	341.02	253.33	302.70

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $211,733K ÷ $—K
= —

According to the provided data, Wingstop Inc's inventory turnover has shown fluctuating trends over the years. In 2020, the inventory turnover ratio was exceptionally high at 302.70, indicating that the company had a rapid turnover of its inventory during that period. In the following years, the inventory turnover ratio decreased but remained relatively high, signifying that Wingstop was efficiently managing its inventory levels.

However, the data for December 31, 2024, is missing, denoted by "—". This missing data point limits a comprehensive analysis for that year. Overall, Wingstop Inc has demonstrated strong inventory management practices based on the calculated turnover ratios. Further insights into the reasons behind the fluctuation in inventory turnover could provide a more detailed assessment of the company's inventory efficiency.