Wingstop Inc (WING)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 36.03 | 25.42 | 22.65 | 32.77 | 30.11 | |
| Number of days of payables | days | 10.13 | 14.36 | 16.12 | 11.14 | 12.12 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 36.03
= 10.13
The number of days of payables for Wingstop Inc has shown some fluctuations over the past five years. As of December 31, 2023, the company takes approximately 10.13 days to pay its suppliers, which is a decrease from the previous year. This suggests that Wingstop is managing its payables more efficiently, possibly negotiating better payment terms or streamlining its accounts payable processes.
Comparing this to the data from earlier years, we observe a downward trend in the number of days of payables since 2021 when it was at 16.12 days. This trend indicates that Wingstop has been able to enhance its working capital management by reducing the days it takes to settle its payables over time.
Overall, the decreasing number of days of payables for Wingstop Inc reflects positively on its liquidity position and ability to meet its short-term obligations promptly. It also indicates effective cash flow management and potentially strong supplier relationships.
Peer comparison
Dec 31, 2023