GEN Restaurant Group (GEN Restaurant Group) Days Payable : 24.95 (As of Dec. 2023)

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What is GEN Restaurant Group Days Payable?

GEN Restaurant Group's average Accounts Payable for the three months ended in Dec. 2023 was $8.0 Mil. GEN Restaurant Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $29.2 Mil. Hence, GEN Restaurant Group's Days Payable for the three months ended in Dec. 2023 was 24.95.

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

GENK' s Days Payable Range Over the Past 10 Years
Min: 19.55 Med: 24.09 Max: 44.61
Current: 20.99

During the past 5 years, GEN Restaurant Group's highest Days Payable was 44.61. The lowest was 19.55. And the median was 24.09.

GENK's Days Payable is ranked worse than
82.65% of 340 companies
in the Restaurants industry
Industry Median: 38.19 vs GENK: 20.99

GEN Restaurant Group's Days Payable declined from Dec. 2022 (26.10) to Dec. 2023 (24.95). It may suggest that GEN Restaurant Group accelerated paying its suppliers.

GEN Restaurant Group Days Payable Historical Data

The historical data trend for GEN Restaurant Group'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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GEN Restaurant Group Days Payable Chart

GEN Restaurant Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

19.55

44.61

24.09

22.15

28.79

GEN Restaurant Group Quarterly Data
	Dec19	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								26.10	19.77	15.19	16.24	24.95

Competitive Comparison of GEN Restaurant Group's Days Payable

For the Restaurants subindustry, GEN Restaurant Group'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.

GEN Restaurant Group's Days Payable Distribution in the Restaurants Industry

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

* The bar in red indicates where GEN Restaurant Group's Days Payable falls into.

GEN Restaurant Group 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.

GEN Restaurant Group'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
=	( (7.474	+	10.704)	/	2 )	/	115.211	*	365
=	9.089					/	115.211	*	365
=	28.79

GEN Restaurant Group'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
=	( (5.254	+	10.704)	/	2 )	/	29.178	*	365 / 4
=	7.979					/	29.178	*	365 / 4
=	24.95

GEN Restaurant Group Days Payable Related Terms

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GEN Restaurant Group (GEN Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » GEN Restaurant Group Inc (NAS:GENK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11480 South Street, Suite 205, Cerritos, CA, USA, 90703

Website

https://www.genkoreanbbq.com

GEN Restaurant Group Inc is engaged in GEN Korean BBQ which is one of the largest Asian casual dining restaurants. It offers an extensive menu of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables, all at a superior value. Its restaurants have modern decor, lively Korean pop music playing in the background and embedded grills in the center of each table. Its food is served family style and requires guests to share and coordinate their cooking responsibilities, which fosters more meaningful interaction than traditional casual dining. The company believes in its unique culinary experience appeals to a vast segment of the population, particularly Millennials and Gen Z.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Jonathan Gregory	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Thomas Croal	officer: Chief Financial Officer	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Jae Chang	director, officer: Co-Chief Executive Officer	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Michael Cowan	director	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Jose Manzanarez	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Don Kim	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Juhee Han	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Lauren Wang	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Ichibon Trading, Llc	10 percent owner	2711 VILLA PISA LN, LEAGUE CITY TX 77573-3293
Kim David Wook Jin	director, 10 percent owner, officer: Co-Chief Executive Officer	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703