Good Times Restaurants (Good Times Restaurants) Days Payable

: 7.92 (As of Dec. 2023)

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Good Times Restaurants's average Accounts Payable for the three months ended in Dec. 2023 was $2.6 Mil. Good Times Restaurants's Cost of Goods Sold for the three months ended in Dec. 2023 was $30.1 Mil. Hence, Good Times Restaurants's Days Payable for the three months ended in Dec. 2023 was 7.92.

The historical rank and industry rank for Good Times Restaurants's Days Payable or its related term are showing as below:

GTIM' s Days Payable Range Over the Past 10 Years
Min: 3.17 Med: 13.41 Max: 18.21
Current: 5.67

During the past 13 years, Good Times Restaurants's highest Days Payable was 18.21. The lowest was 3.17. And the median was 13.41.

GTIM's Days Payable is ranked worse than
99.41% of 340 companies
in the Restaurants industry
Industry Median: 38.325 vs GTIM: 5.67

Good Times Restaurants's Days Payable increased from Dec. 2022 (2.40) to Dec. 2023 (7.92). It may suggest that Good Times Restaurants delayed paying its suppliers.

Good Times Restaurants Days Payable Historical Data

The historical data trend for Good Times Restaurants's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Good Times Restaurants Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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13.77

11.89

7.05

3.17

4.76

Good Times Restaurants Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															2.40	4.93	4.99	5.26	7.92

Competitive Comparison

For the Restaurants subindustry, Good Times Restaurants's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Good Times Restaurants Days Payable Distribution

For the Restaurants industry and Consumer Cyclical sector, Good Times Restaurants's Days Payable distribution charts can be found below:

* The bar in red indicates where Good Times Restaurants's Days Payable falls into.

Good Times Restaurants Days Payable Calculation

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

Good Times Restaurants's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.628	+	2.585)	/	2 )	/	123.226	*	365
=	1.6065					/	123.226	*	365
=	4.76

Good Times Restaurants's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.585	+	2.642)	/	2 )	/	30.111	*	365 / 4
=	2.6135					/	30.111	*	365 / 4
=	7.92

Good Times Restaurants Days Payable Related Terms

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Good Times Restaurants (Good Times Restaurants) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Good Times Restaurants Inc (NAS:GTIM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

651 Corporate Circle, No. 200, Golden, CO, USA, 80401

Website

https://www.goodtimesburgers.com

Good Times Restaurants Inc is engaged in developing, owning, operating, and franchising hamburger-oriented drive-through restaurants. It operates through two segments: Good Times Burgers and Frozen Custard restaurants which operate in the quick-service drive-through dining industry; and Bad Daddy's Burger Bar restaurants which operate in the full-service upscale casual dining industry. The company generates maximum revenue from the Bad Daddy's Burger Bar restaurants segment. Its menu categories include burgers; chicken; kids; breakfast; frozen custard; slides and drinks.

Executives

Donald L Stack	officer: SVP of Operations	651 CORPORATE CIRCLE, SUITE 200, GOLDEN CO 80401
Ryan M Zink	officer: Chief Financial Officer	141 UNION BOULEVARD #400, LAKEWOOD CO 80228
Jennifer C Stetson	director	3753 EL SERENO AVENUE, ALTADENTA CA 91001
Matthew Karnes	officer: Sr Vice President of Finance	651 CORPORATE CIRCLE, SUITE 200, GOLDEN CO 80401
Margaret E Regalia	officer: Vice President of Finance	651 CORPORATE CIRCLE, SUITE 200, GOLDEN CO 80401
Scott Lefever	officer: VICE PRESIDENT	601 CORPORATE CIRCLE, GOLDEN CO 80401
Charles E Jobson	10 percent owner
Robert J Stetson	director	14901 QUORUM DRIVE, DALLAS TX 75254
Susan M Knutson	officer: Controller	601 CORPORATE CIRCLE, GOLDEN CO 80401
Jason Maceda	director	C/O DUNKIN' BRANDS, INC., 130 ROYALL STREET, CANTON MA 02021
Geoffrey R Bailey	director	601 CORPORATE CIRCLE, GOLDEN CO 80401
Boyd E Hoback	officer: President and CEO	601 CORPORATE CIRCLE, GOLDEN CO 80401
Alan A Teran	director	2126 KNOLLWOOD DR, BOULDER CO 80302
Eric W Reinhard	director	601 CORPORATE CIRCLE, GOLDEN CO 80401
Delta Partners Llc	10 percent owner	265 FRANKLIN STREET, SUITE 903, BOSTON MA 02110