Tortilla Mexican Grill (LSE:MEX) Days Payable : 65.22 (As of Dec. 2023)

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What is Tortilla Mexican Grill Days Payable?

Tortilla Mexican Grill's average Accounts Payable for the six months ended in Dec. 2023 was £2.63 Mil. Tortilla Mexican Grill's Cost of Goods Sold for the six months ended in Dec. 2023 was £7.35 Mil. Hence, Tortilla Mexican Grill's Days Payable for the six months ended in Dec. 2023 was 65.22.

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

LSE:MEX' s Days Payable Range Over the Past 10 Years
Min: 63.34 Med: 81.3 Max: 157.45
Current: 63.34

During the past 6 years, Tortilla Mexican Grill's highest Days Payable was 157.45. The lowest was 63.34. And the median was 81.30.

LSE:MEX's Days Payable is ranked better than
75.88% of 340 companies
in the Restaurants industry
Industry Median: 38.115 vs LSE:MEX: 63.34

Tortilla Mexican Grill's Days Payable declined from Dec. 2022 (74.25) to Dec. 2023 (65.22). It may suggest that Tortilla Mexican Grill accelerated paying its suppliers.

Tortilla Mexican Grill Days Payable Historical Data

The historical data trend for Tortilla 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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Tortilla Mexican Grill Days Payable Chart

Tortilla Mexican Grill Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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94.25

157.45

87.14

64.76

64.56

Tortilla Mexican Grill Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					75.44	86.69	74.25	60.31	65.22

Competitive Comparison of Tortilla Mexican Grill's Days Payable

For the Restaurants subindustry, Tortilla 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.

Tortilla Mexican Grill's Days Payable Distribution in the Restaurants Industry

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

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

Tortilla 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.

Tortilla 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
=	( (2.496	+	2.769)	/	2 )	/	14.883	*	365
=	2.6325					/	14.883	*	365
=	64.56

Tortilla 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.484	+	2.769)	/	2 )	/	7.349	*	365 / 2
=	2.6265					/	7.349	*	365 / 2
=	65.22

Tortilla Mexican Grill Days Payable Related Terms

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Tortilla Mexican Grill (LSE:MEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tortilla Mexican Grill PLC (LSE:MEX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

73D:Germany

Address

142-144 New Cavendish Street, 1st Floor, Evelyn House, London, GBR, W1W 6YF

Website

https://www.tortilla.co.uk

Tortilla Mexican Grill PLC is a casual Mexican restaurant group in the UK specialising in the sale both on-site and through its delivery channel of freshly made Californian inspired Mexican cuisine.

Tortilla Mexican Grill (LSE:MEX) Headlines

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