Wingstop Inc (WING)

Number of days of payables

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
Payables turnover 30.50 19.84 32.75 27.37 36.03 30.84 24.40 20.33 25.42 37.19 40.97 26.22 22.65 28.82 32.83 33.13 32.77 47.74 36.90 26.80
Number of days of payables days 11.97 18.40 11.15 13.34 10.13 11.83 14.96 17.95 14.36 9.81 8.91 13.92 16.12 12.67 11.12 11.02 11.14 7.65 9.89 13.62

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 30.50
= 11.97

The number of days of payables for Wingstop Inc has fluctuated over the periods provided in the data. It ranged from a low of 7.65 days on September 30, 2020, to a high of 18.40 days on September 30, 2024. This ratio indicates the average number of days it takes for the company to pay its suppliers, with lower numbers suggesting quicker payments and potentially better cash management.

In the earlier periods, Wingstop managed its payables efficiently, with relatively low numbers around 9-12 days. However, there was an increase in the number of days of payables in the later periods, notably peaking at 18.40 days on September 30, 2024. This could potentially signal a change in the company's payment practices or cash flow management during that period.

Overall, monitoring the trend of days of payables is important as it provides insights into the company's liquidity, cash flow management, and relationships with suppliers. Fluctuations in this ratio can indicate changes in the company's operational efficiency and financial health.