Chipotle Mexican Grill (MEX:CMG) Days Payable

: 9.98 (As of Dec. 2023)

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Chipotle Mexican Grill's average Accounts Payable for the three months ended in Dec. 2023 was MXN3,485 Mil. Chipotle Mexican Grill's Cost of Goods Sold for the three months ended in Dec. 2023 was MXN31,878 Mil. Hence, Chipotle Mexican Grill's Days Payable for the three months ended in Dec. 2023 was 9.98.

The historical rank and industry rank for Chipotle Mexican Grill's Days Payable or its related term are showing as below:

MEX:CMG' s Days Payable Range Over the Past 10 Years
Min: 7.85 Med: 8.85 Max: 9.66
Current: 9.36

During the past 13 years, Chipotle Mexican Grill's highest Days Payable was 9.66. The lowest was 7.85. And the median was 8.85.

MEX:CMG's Days Payable is ranked worse than
97.35% of 340 companies
in the Restaurants industry
Industry Median: 38.325 vs MEX:CMG: 9.36

Chipotle Mexican Grill's Days Payable increased from Dec. 2022 (9.84) to Dec. 2023 (9.98). It may suggest that Chipotle Mexican Grill delayed paying its suppliers.

Chipotle Mexican Grill Days Payable Historical Data

The historical data trend for Chipotle Mexican Grill'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.

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Chipotle Mexican Grill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

9.59

8.56

8.80

9.89

10.26

Chipotle Mexican Grill Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																9.84	9.90	8.86	9.19	9.98

Competitive Comparison

For the Restaurants subindustry, Chipotle Mexican Grill'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.

Chipotle Mexican Grill Days Payable Distribution

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

* The bar in red indicates where Chipotle Mexican Grill's Days Payable falls into.

Chipotle Mexican Grill 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.

Chipotle Mexican Grill's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3598.299	+	3354.892)	/	2 )	/	123666.851	*	365
=	3476.5955					/	123666.851	*	365
=	10.26

Chipotle Mexican Grill'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
=	( (3615.135	+	3354.892)	/	2 )	/	31877.91	*	365 / 4
=	3485.0135					/	31877.91	*	365 / 4
=	9.98

Chipotle Mexican Grill Days Payable Related Terms

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Chipotle Mexican Grill (MEX:CMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Chipotle Mexican Grill Inc (MEX:CMG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CMG:USA C1MG34:Brazil

Address

610 Newport Center Drive, Suite 1100, Newport Beach, CA, USA, 92660

Website

https://www.chipotle.com

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $8.6 billion in 2022. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,200 stores at the end of 2022, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.