Wingstop Inc (WING)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 30.50 | 36.03 | 25.42 | 22.65 | 32.77 | |
| Number of days of payables | days | 11.97 | 10.13 | 14.36 | 16.12 | 11.14 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 30.50
= 11.97
Based on the data provided, Wingstop Inc's number of days of payables has shown some fluctuation over the years. It increased from 11.14 days as of December 31, 2020, to 16.12 days as of December 31, 2021. Subsequently, there was a decrease to 14.36 days as of December 31, 2022, followed by a further decrease to 10.13 days as of December 31, 2023. Finally, as of December 31, 2024, the number of days of payables stood at 11.97 days.
This indicates that Wingstop Inc has been managing its payables efficiently, with a trend towards shorter payment periods in recent years after a temporary spike in 2021. A lower number of days of payables suggests the company is able to pay off its obligations more quickly, which can have positive implications for cash flow management and working capital efficiency. Further analysis may be needed to understand the specific factors driving these changes in the number of days of payables.
Peer comparison
Dec 31, 2024