Shake Shack (LTS:0L5R) Days Payable : 9.13 (As of Sep. 2024)

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What is Shake Shack Days Payable?

Shake Shack's average Accounts Payable for the three months ended in Sep. 2024 was $17 Mil. Shake Shack's Cost of Goods Sold for the three months ended in Sep. 2024 was $172 Mil. Hence, Shake Shack's Days Payable for the three months ended in Sep. 2024 was 9.13.

The historical rank and industry rank for Shake Shack's Days Payable or its related term are showing as below:

LTS:0L5R' s Days Payable Range Over the Past 10 Years
Min: 10.23 Med: 16.58 Max: 25.09
Current: 10.23

During the past 12 years, Shake Shack's highest Days Payable was 25.09. The lowest was 10.23. And the median was 16.58.

LTS:0L5R's Days Payable is ranked worse than
97.89% of 332 companies
in the Restaurants industry
Industry Median: 37.235 vs LTS:0L5R: 10.23

Shake Shack's Days Payable declined from Sep. 2023 (11.38) to Sep. 2024 (9.13). It may suggest that Shake Shack accelerated paying its suppliers.

Shake Shack Days Payable Historical Data

The historical data trend for Shake Shack'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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Shake Shack Days Payable Chart

Shake Shack Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.85

22.23

18.29

14.19

12.78

Shake Shack Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															11.38	12.50	10.56	8.97	9.13

Competitive Comparison of Shake Shack's Days Payable

For the Restaurants subindustry, Shake Shack'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.

Shake Shack's Days Payable Distribution in the Restaurants Industry

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

* The bar in red indicates where Shake Shack's Days Payable falls into.

Shake Shack 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.

Shake Shack'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
=	( (20.407	+	22.273)	/	2 )	/	609.295	*	365
=	21.34					/	609.295	*	365
=	12.78

Shake Shack's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (18.576	+	15.765)	/	2 )	/	171.579	*	365 / 4
=	17.1705					/	171.579	*	365 / 4
=	9.13

Shake Shack Days Payable Related Terms

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Shake Shack Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Shake Shack Inc (LTS:0L5R) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SHAK:USA SHAK:Mexico 9SH:Germany

Address

225 Varick Street, Suite 301, New York, NY, USA, 10014

Website

https://www.shakeshack.com

Shake Shack Inc is a roadside burger stand. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water.

Shake Shack Headlines

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