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Cheesecake Factory Inc (NAS:CAKE)
Days Payable
7.85 (As of Mar. 2016)

Cheesecake Factory Inc's payable for the three months ended in Mar. 2016 was $38 Mil. Cheesecake Factory Inc's cost of goods sold for the three months ended in Mar. 2016 was $446 Mil. Hence, Cheesecake Factory Inc's days payable for the three months ended in Mar. 2016 was 7.85.

CAKE' s Days Payable Range Over the Past 10 Years
Min: 8.55   Max: 24.23
Current: 8.17

8.55
24.23

During the past 13 years, Cheesecake Factory Inc's highest Days Payable was 24.23. The lowest was 8.55. And the median was 13.19.

CAKE's Days Payable is ranked lower than
96% of the 236 Companies
in the Global Restaurants industry.

( Industry Median: 41.47 vs. CAKE: 8.17 )

Cheesecake Factory Inc's days payable declined from Mar. 2015 (11.73) to Mar. 2016 (7.85). It may suggest that Cheesecake Factory Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Cheesecake Factory Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=57.325/1614.912*365
=12.96

Cheesecake Factory Inc's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=38.363/445.988*365 / 4
=7.85

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cheesecake Factory Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 22.0524.2314.5513.428.779.1411.678.5512.9610.32

Cheesecake Factory Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 4.5011.3810.8111.2612.7911.7311.379.4710.307.85
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