Wingstop Inc (WING)

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		39.42	33.98	27.02	22.67	25.42	37.19	40.97	26.22	22.65	28.82	32.83	33.13	32.77	47.74	36.90	26.80	30.11	40.09	35.27	37.85
Number of days of payables	days	9.26	10.74	13.51	16.10	14.36	9.81	8.91	13.92	16.12	12.67	11.12	11.02	11.14	7.65	9.89	13.62	12.12	9.10	10.35	9.64

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 39.42
= 9.26

The number of days of payables for Wingstop Inc has shown some fluctuations over the past few years but generally indicates that the company takes an average of 10 to 15 days to pay its suppliers. This suggests that Wingstop manages its accounts payable efficiently, with a relatively short payment period, indicating strong liquidity and potentially good relationships with suppliers. The recent increase in the number of days of payables may indicate a shift in the company's strategic focus or changes in its operating environment. Overall, the trend in the number of days of payables should be further monitored to assess the company's cash management practices and working capital efficiency.