Noodles (Noodles) Days Payable : 17.03 (As of Dec. 2023)

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What is Noodles Days Payable?

Noodles's average Accounts Payable for the three months ended in Dec. 2023 was $19.4 Mil. Noodles's Cost of Goods Sold for the three months ended in Dec. 2023 was $103.9 Mil. Hence, Noodles's Days Payable for the three months ended in Dec. 2023 was 17.03.

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

NDLS' s Days Payable Range Over the Past 10 Years
Min: 8.19 Med: 10.48 Max: 14.65
Current: 14.65

During the past 13 years, Noodles's highest Days Payable was 14.65. The lowest was 8.19. And the median was 10.48.

NDLS's Days Payable is ranked worse than
92.06% of 340 companies
in the Restaurants industry
Industry Median: 38.325 vs NDLS: 14.65

Noodles's Days Payable increased from Dec. 2022 (12.45) to Dec. 2023 (17.03). It may suggest that Noodles delayed paying its suppliers.

Noodles Days Payable Historical Data

The historical data trend for Noodles'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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Noodles Days Payable Chart

Noodles Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.19

8.40

10.19

13.11

13.93

Noodles 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															12.45	13.23	13.15	15.96	17.03

Competitive Comparison of Noodles's Days Payable

For the Restaurants subindustry, Noodles'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.

Noodles's Days Payable Distribution in the Restaurants Industry

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

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

Noodles 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.

Noodles'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
=	( (15.308	+	16.691)	/	2 )	/	419.194	*	365
=	15.9995					/	419.194	*	365
=	13.93

Noodles'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
=	( (22.071	+	16.691)	/	2 )	/	103.872	*	365 / 4
=	19.381					/	103.872	*	365 / 4
=	17.03

Noodles Days Payable Related Terms

Thank you for viewing the detailed overview of Noodles's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Noodles (Noodles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Noodles & Co (NAS:NDLS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NO3:Germany

Address

520 Zang Street, Suite D, Broomfield, CO, USA, 80021

Website

https://www.noodles.com

Noodles & Co is a restaurant concept offering lunch and dinner within the fast-casual segment of the restaurant industry. The company's menu includes a variety of cooked-to-order dishes, including noodles and pasta, soups, salads and appetizers. The company also provides dining, pick-up and delivery services.

Executives

Michael Hynes	officer: Chief Financial Officer	520 ZANG ST., UNIT D, BROOMFIELD CO 80021
Kline Corey	officer: EVP - Technology	520 ZANG ST., UNIT D, BROOMFIELD CO 80021
Thomas B West	officer: EVP - Operations	520 ZANG STREET, SUITE D, BROOMFIELD CO 80021
Mill Road Capital Iii, L.p.	10 percent owner	C/O MILL ROAD CAPITAL MANAGEMENT LLC, 328 PEMBERWICK ROAD, GREENWICH CT 06831
Melissa Heidman	officer: EVP & General Counsel	520 ZANG STREET, UNIT D, BROOMFIELD CO 80021
Kathryn Rae Lockhart	officer: Vice President & Controller	520 ZANG STREET, SUITE D, BROOMFIELD CO 80021
Mill Road Capital Iii Gp Llc	10 percent owner	C/O MILL ROAD CAPITAL MANAGEMENT LLC, 328 PEMBERWICK ROAD, GREENWICH CT 06831
Jeffrey W Jones	director	P O BOX 7, VAIL CO 81658
Shawn A Taylor	director	4931 MENO PARK DRIVE, SUGARLAND TX 77479
Mill Road Capital Ii, L.p.	10 percent owner	382 GREENWICH AVE., SUITE ONE, GREENWICH CT 06830
Sue Petersen	officer: EVP-Inclusion, Divers, People	520 ZANG ST., UNIT D, BROOMFIELD CO 80021
David James Boennighausen	officer: Chief Financial Officer	520 ZANG STREET, SUITE D, BROOMFIELD CO 80021
Catterton-noodles Holdings, Llc	10 percent owner	599 W PUTNAM AVE, STE 200, GREENWICH CT 06831
Carl E Lukach	officer: Chief Financial Officer	520 ZANG ST., UNIT D, BROOMFIELD CO 80021
Stacey Pool	officer: Chief Marketing Officer	520 ZANG ST., UNIT D, BROOMFIELD CO 80021