Sweetgreen (Sweetgreen) Days Payable : 11.02 (As of Dec. 2023)

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What is Sweetgreen Days Payable?

Sweetgreen's average Accounts Payable for the three months ended in Dec. 2023 was $15.5 Mil. Sweetgreen's Cost of Goods Sold for the three months ended in Dec. 2023 was $128.2 Mil. Hence, Sweetgreen's Days Payable for the three months ended in Dec. 2023 was 11.02.

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

SG' s Days Payable Range Over the Past 10 Years
Min: 10.62 Med: 11.21 Max: 13.19
Current: 10.75

During the past 5 years, Sweetgreen's highest Days Payable was 13.19. The lowest was 10.62. And the median was 11.21.

SG's Days Payable is ranked worse than
96.47% of 340 companies
in the Restaurants industry
Industry Median: 38.255 vs SG: 10.75

Sweetgreen's Days Payable increased from Dec. 2022 (9.03) to Dec. 2023 (11.02). It may suggest that Sweetgreen delayed paying its suppliers.

Sweetgreen Days Payable Historical Data

The historical data trend for Sweetgreen'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.

* Premium members only.

Sweetgreen Days Payable Chart

Sweetgreen Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

13.19

11.58

10.62

10.67

11.21

Sweetgreen Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										9.03	10.70	10.44	10.37	11.02

Competitive Comparison of Sweetgreen's Days Payable

For the Restaurants subindustry, Sweetgreen'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.

Sweetgreen's Days Payable Distribution in the Restaurants Industry

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

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

Sweetgreen 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.

Sweetgreen'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
=	( (12.242	+	17.38)	/	2 )	/	482.121	*	365
=	14.811					/	482.121	*	365
=	11.21

Sweetgreen'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
=	( (13.609	+	17.38)	/	2 )	/	128.245	*	365 / 4
=	15.4945					/	128.245	*	365 / 4
=	11.02

Sweetgreen Days Payable Related Terms

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Sweetgreen (Sweetgreen) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Sweetgreen Inc (NYSE:SG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3102 36th Street, Los Angeles, CA, USA, 90018

Website

https://www.sweetgreen.com

Sweetgreen Inc is a next-generation restaurant and lifestyle brand that serves healthy food at scale. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.

Executives

Jonathan Neman	director, officer: Chief Executive Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Nicolas Jammet	director, officer: Chief Concept Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Nathaniel Ru	director, officer: Chief Brand Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Adrienne Gemperle	officer: Chief People Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
James Mcphail	officer: Chief Development Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Mitch Reback	officer: Chief Financial Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Wouleta Ayele	officer: Chief Technology Officer	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Daniel Shlossman	officer: SVP, Digital and Growth	C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Chris Carr	officer: Chief Operating Officer	7930 JONES BRANCH DRIVE, MCLEAN VA 22102
Clifford Burrows	director	2401 UTAH AVE. S., SUITE 800, SEATTLE WA 98134
Valerie B Jarrett	director	USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Julie Bornstein	director	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Bradley E Singer	director	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Youngme E Moon	director	75 NETWORK DRIVE, BURLINGTON MA 01803
Stephen M Case	director	1717 RHODE ISLAND AVENUE, N.W., 9TH FLOOR, WASHINGTON DC 20036