Wingstop Inc (WING)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 348.12 4.69 4.95 3.88 341.02 — — — 253.33 4.44 4.77 4.50 302.70 4.85 8.89 6.80 320.00 7.10 12.20 5.82
Receivables turnover 37.08 36.64 38.47 — 37.79 36.77 41.17 45.11 34.83 45.23 46.46 44.38 50.48 44.39 40.25 40.28 38.58 31.92 31.61 33.32
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
Working capital turnover 6.27 6.68 2.30 2.29 2.18 2.00 1.90 1.88 9.27 9.28 8.23 8.01 11.23 9.60 11.30 27.40 — — 18.35 30.36

Inventory turnover is a measure of how efficiently a company manages its inventory levels. Wingstop Inc's inventory turnover has been fluctuating over the past few quarters but has generally been high, indicating that the company is effectively selling and replenishing its inventory.

Receivables turnover reflects how quickly Wingstop Inc collects cash from its credit sales. The company has maintained a relatively stable receivables turnover ratio, suggesting a consistent approach to collecting outstanding payments from customers.

Payables turnover measures how long it takes Wingstop Inc to pay its suppliers. The company's payables turnover has also been relatively consistent, indicating a steady pace of paying its obligations to suppliers.

Working capital turnover reflects how efficiently Wingstop Inc is utilizing its working capital to generate revenue. The company has shown varying levels of working capital turnover over the quarters, with some quarters demonstrating significantly higher efficiency in leveraging working capital to drive business activities.

Overall, Wingstop Inc's activity ratios indicate a mix of steady performance and fluctuations in efficiency in managing inventory, receivables, payables, and working capital turnover.

Average number of days

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
Days of inventory on hand (DOH) days 1.05 77.88 73.79 94.07 1.07 — — — 1.44 82.29 76.47 81.09 1.21 75.21 41.05 53.70 1.14 51.38 29.92 62.67
Days of sales outstanding (DSO) days 9.84 9.96 9.49 — 9.66 9.93 8.87 8.09 10.48 8.07 7.86 8.22 7.23 8.22 9.07 9.06 9.46 11.44 11.55 10.96
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

Days of inventory on hand (DOH) for Wingstop Inc has shown some fluctuations over the past few quarters, ranging from as low as 1.05 days to as high as 94.07 days. This indicates that the company is able to quickly turn over its inventory in some periods while facing challenges in others, possibly due to changes in demand or supply chain issues.

Days of sales outstanding (DSO) have been relatively stable, with values ranging from 7.23 days to 11.55 days. This suggests that Wingstop Inc has been efficient in collecting payments from customers, with only minor variations seen across the quarters.

The number of days of payables has also experienced some variability, ranging from 7.65 days to 16.12 days. This indicates that Wingstop Inc has been managing its payables effectively, although there have been instances where the company has taken longer to pay its suppliers.

Overall, Wingstop Inc's activity ratios show a mixed performance in terms of managing its inventory, collecting payments, and paying suppliers efficiently. Further analysis would be needed to understand the underlying reasons behind these fluctuations and to assess the overall working capital management of the company.

Long-term

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
Fixed asset turnover 5.04 5.19 5.26 5.45 5.35 5.13 4.89 5.03 5.18 5.57 6.87 8.67 8.90 8.78 8.25 7.28 7.17 6.85 20.97 19.74
Total asset turnover 1.22 1.25 0.92 0.86 0.84 0.79 0.75 0.57 1.13 1.05 1.16 1.21 1.18 1.09 1.12 1.10 1.20 1.11 1.17 1.08

The fixed asset turnover ratio for Wingstop Inc has shown variability over the periods analyzed, ranging from 4.89 to 8.90. This ratio indicates that Wingstop generates between approximately 4.89 and 8.90 units of revenue for every dollar invested in fixed assets. The fluctuations in this ratio may suggest changes in operational efficiency and utilization of fixed assets over time.

On the other hand, the total asset turnover ratio has also displayed fluctuations, ranging from 0.57 to 1.25. This ratio indicates that Wingstop generates revenue equivalent to approximately 0.57 to 1.25 times its total assets. The variations in this ratio may reflect changes in the overall efficiency of asset utilization by the company.

Comparing the fixed asset turnover to the total asset turnover, Wingstop's fixed assets seem to be more efficiently utilized relative to its total assets. However, it is essential to consider other factors and industry benchmarks to gain a more in-depth understanding of the company's long-term activity efficiency.