Wingstop Inc (WING)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 625,807 | 460,055 | 357,521 | 282,502 | 248,811 |
| Receivables | US$ in thousands | 19,661 | 12,408 | 9,461 | 8,110 | 4,929 |
| Receivables turnover | 31.83 | 37.08 | 37.79 | 34.83 | 50.48 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $625,807K ÷ $19,661K
= 31.83
The receivables turnover ratio for Wingstop Inc has shown a fluctuating trend over the past five years. Starting at a high of 50.48 in December 2020, the ratio decreased to 34.83 by December 2021. Subsequently, there was a slight improvement to 37.79 in December 2022. However, in the following years, the ratio remained relatively stable, with values of 37.08 in December 2023 and 31.83 in December 2024.
This pattern suggests that Wingstop Inc has been managing its accounts receivable efficiently, although there was a notable decrease in the turnover ratio from 2020 to 2021. Further analysis is required to determine the factors influencing this trend and to assess the effectiveness of the company's credit policies and collection procedures.
Peer comparison
Dec 31, 2024