Wingstop Inc (WING)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	460,055	437,865	413,433	390,037	357,521	324,682	297,794	288,017	282,502	273,756	271,960	264,065	248,811	238,715	224,602	207,059	199,676	186,999	175,370	163,845
Receivables	US$ in thousands	12,408	11,951	10,747	—	9,461	8,829	7,234	6,385	8,110	6,052	5,854	5,950	4,929	5,378	5,580	5,140	5,175	5,859	5,548	4,918
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $460,055K ÷ $12,408K
= 37.08

The receivables turnover ratio for Wingstop Inc has shown fluctuations over the past few quarters. The ratio measures how efficiently the company is able to collect payments from its customers. A higher receivables turnover indicates that Wingstop is collecting payments more quickly.

Looking at the data, we can see that the receivables turnover ratio ranged from a low of 31.61 to a high of 50.48 over the past few years. In recent quarters, Wingstop has maintained a relatively stable receivables turnover ratio, with figures around the mid to high 30s.

It is important to note the missing data for March 31, 2023, which could be due to various factors such as seasonality or changes in reporting practices. Overall, Wingstop's receivables turnover ratio has generally been healthy, suggesting that the company is effectively managing its accounts receivable and collecting payments efficiently. However, it would be beneficial to monitor any significant deviations in the ratio to ensure continued financial health and efficiency in receivables management.