Ark Restaurants (Ark Restaurants) Days Inventory

: 9.53 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Ark Restaurants's Average Total Inventories for the three months ended in Dec. 2023 was $3.0 Mil. Ark Restaurants's Cost of Goods Sold for the three months ended in Dec. 2023 was $29.0 Mil. Hence, Ark Restaurants's Days Inventory for the three months ended in Dec. 2023 was 9.53.

The historical rank and industry rank for Ark Restaurants's Days Inventory or its related term are showing as below:

ARKR' s Days Inventory Range Over the Past 10 Years
Min: 7.49 Med: 7.94 Max: 13.57
Current: 10.11

During the past 13 years, Ark Restaurants's highest Days Inventory was 13.57. The lowest was 7.49. And the median was 7.94.

ARKR's Days Inventory is ranked better than
65.58% of 337 companies
in the Restaurants industry
Industry Median: 15.46 vs ARKR: 10.11

Ark Restaurants's Days Inventory declined from Dec. 2022 (11.28) to Dec. 2023 (9.53).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ark Restaurants's Inventory Turnover for the three months ended in Dec. 2023 was 9.58.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Ark Restaurants's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.06.

Ark Restaurants Days Inventory Historical Data

The historical data trend for Ark Restaurants's Days Inventory 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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Ark Restaurants Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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7.87

12.53

13.57

11.70

10.70

Ark Restaurants Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															11.28	11.38	9.83	9.83	9.53

Competitive Comparison

For the Restaurants subindustry, Ark Restaurants's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Ark Restaurants Days Inventory Distribution

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

* The bar in red indicates where Ark Restaurants's Days Inventory falls into.

Ark Restaurants Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ark Restaurants's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (3.707	+	3.093)	/	2 )	/	115.946	*	365
=	3.4					/	115.946	*	365
=	10.70

Ark Restaurants's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.093	+	2.972)	/	2 )	/	29.048	*	365 / 4
=	3.0325					/	29.048	*	365 / 4
=	9.53

Ark Restaurants (NAS:ARKR) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ark Restaurants's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29.048	/	3.0325
	=	9.58

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Ark Restaurants's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.0325	/	47.487
	=	0.06

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Ark Restaurants Days Inventory Related Terms

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

Ark Restaurants (Ark Restaurants) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Ark Restaurants Corp (NAS:ARKR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 5th Avenue, 14th Floor, New York, NY, USA, 10003

Website

https://www.arkrestaurants.com

Ark Restaurants Corp owns and operates around 17 restaurants and bars, 16 fast food concepts, and catering operations in the USA. The Las Vegas operations include New York Hotel & Casino Resort, hotel room service operations, banquet facilities, employee dining room, food court concepts, and a restaurant within the Planet Hollywood Resort and Casino. It operates a restaurant and a bar in the Resorts Atlantic City Hotel and Casino and a restaurant in the Tropicana Hotel and Casino. The Florida operations include The Rustic Inn in Dania Beach, Shuckers in Jensen Beach, JB's on the Beach in Deerfield Beach, The Blue Moon Fish Company in Fort Lauderdale, and fast food facilities in Tampa and Hollywood. In Alabama, it operates Original Oyster Houses in Gulf Shores and Spanish Fort.

Executives

Satterfield Thomas A Jr	10 percent owner	2609 CALDWELL MILL LN, BIRMINGHAM AL 35243
Michael S Weinstein	director, 10 percent owner, officer: Chairman & CEO	C/O ARK RESTAURANTS CORP, 85 FIFTH AVENUE, NEW YORK NY 10003
Anthony Sirica	director, officer: Chief Financial Officer	85 FIFTH AVENUE, NEW YORK NY 10003
Paul Gordon	director, officer: Senior Vice President	C/O ARK LAS VEGAS RESTAURANTS CORP, 3790 LAS VEGAS BLVD S SUITE 11, LAS VEGAS NV 89109
Vincent Pascal	director, officer: Senior Vice President	C/O ARK RESTAURANTS CORP, 85 FIFTH AVE, NEW YORK NY 10003
Steven Shulman	director	C/O PARAGON TECHNOLOGIES INC, 600 KUEBLER ROAD, EASTON PA 18040
Robert J Stewart	director, officer: President and CFO	C/O ARK RESTAURANTS CORP, 85 FIFTH AVE, NEW YORK NY 10003
Arthur Stainman	director	320 EAST 72ND STREET, NEW YORK NY 10021
Bruce R Lewin	director	G&G RETAIL INC, 520 EIGHTH AVENUE, NEW YORK NY 10018
Robert Towers	director, officer: Executive Vice President	C/O ARK RESTAURANTS CORP, 85 FIFTH AVE, NEW YORK NY 10003
Marcia Allen	director	P.O. BOX 399, 2600 W. HOMESTEAD CIRCLE, WILSON WY 83014
Prides Capital Partners, Llc	10 percent owner	200 HIGH STREET, SUITE 700, BOSTON MA 02110
Robert Thomas Zankel	director	808 BROADWAY, PHB, NEW YORK NY 10003
Stephen A Novick	director	ANDREA & CHARLES BRONFMAN PHILANTROPIES, 110 EAST 59TH STREET, 26TH FLOOR, NEW YORK NY 10022
Charles E Mccarthy	10 percent owner	200 HIGH STREET, SUITE 700, BOSTON MA 02110