Carrols Restaurant Group (Carrols Restaurant Group) Days Inventory

: 3.30 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Carrols Restaurant Group's Average Total Inventories for the three months ended in Dec. 2023 was $14 Mil. Carrols Restaurant Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $391 Mil. Hence, Carrols Restaurant Group's Days Inventory for the three months ended in Dec. 2023 was 3.30.

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

TAST' s Days Inventory Range Over the Past 10 Years
Min: 3.23 Med: 3.49 Max: 4.4
Current: 3.23

During the past 13 years, Carrols Restaurant Group's highest Days Inventory was 4.40. The lowest was 3.23. And the median was 3.49.

TAST's Days Inventory is ranked better than
92.58% of 337 companies
in the Restaurants industry
Industry Median: 15.46 vs TAST: 3.23

Carrols Restaurant Group's Days Inventory declined from Dec. 2022 (3.36) to Dec. 2023 (3.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. Carrols Restaurant Group's Inventory Turnover for the three months ended in Dec. 2023 was 27.62.

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. Carrols Restaurant Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.

Carrols Restaurant Group Days Inventory Historical Data

The historical data trend for Carrols Restaurant Group'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.

* Premium members only.

Carrols Restaurant Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

3.46

3.49

3.27

3.42

3.49

Carrols Restaurant Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																3.36	3.35	2.98	3.05	3.30

Competitive Comparison

For the Restaurants subindustry, Carrols Restaurant Group'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.

Carrols Restaurant Group Days Inventory Distribution

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

* The bar in red indicates where Carrols Restaurant Group's Days Inventory falls into.

Carrols Restaurant Group Days Inventory Calculation

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

Carrols Restaurant Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (14.417	+	15.237)	/	2 )	/	1552.113	*	365
=	14.827					/	1552.113	*	365
=	3.49

Carrols Restaurant Group'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
=	( (13.076	+	15.237)	/	2 )	/	390.949	*	365 / 4
=	14.1565					/	390.949	*	365 / 4
=	3.30

Carrols Restaurant Group (NAS:TAST) 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.

Carrols Restaurant Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	390.949	/	14.1565
	=	27.62

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.

Carrols Restaurant Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.1565	/	470.358
	=	0.03

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.

Carrols Restaurant Group Days Inventory Related Terms

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

Carrols Restaurant Group (Carrols Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Carrols Restaurant Group Inc (NAS:TAST) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

XQC:Germany

Address

968 James Street, Syracuse, NY, USA, 13203

Website

https://www.carrols.com

Carrols Restaurant Group Inc is a restaurant company. It owns and operates Burger King restaurants in the Northeastern, Midwestern, and Southeastern United States. The Burger King restaurants are quick-service restaurants featuring hamburgers and other sandwiches.

Executives

Anthony E Hull	officer: VP, CFO, Treasurer	175 PARK AVENUE, MADISON NJ 07940
Gretta Miles	officer: VP, Controller, Asst Treasurer	968 JAMES STREET, SYRACUSE NY 13203
Ahmad Filsoof	officer: VP, Strategic Initiatives	968 JAMES STREET, SYRACUSE NY 13203
Cambridge Franchise Partners, Llc	10 percent owner	853 BROADWAY, NEW YORK NY 10003
Richard G Cross	officer: VP, Real Estate	968 JAMES STREET, SYRACUSE NY 13203
Gary Mcquillan	officer: VP, Strategic Procurement	968 JAMES STREET, SYRACUSE NY 13203
Joseph W Hoffman	officer: Chief Restaurant Officer	968 JAMES STREET, SYRACUSE NY 13203
Paulo A Pena	officer: President and CEO	968 JAMES STREET, SYRACUSE NY 13203
John Davis Smith	director	968 JAMES STREET, SYRACUSE NY 13203
Jared L. Landaw	officer: VP, GC, Secretary	101 WEST 79TH STREET - 12B, NEW YORK NY 10024
Nathan Mucher	officer: VP, Chief Information Officer	968 JAMES STREET, SYRACUSE NY 13203
Thomas Benjamin Curtis	director	30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Matthew Terker Perelman	director, 10 percent owner	853 BROADWAY, SUITE 2014, NEW YORK NY 10003
Carl S Hauch	officer: VP and COO	ADVANCE AUTO PARTS, INC, 5008 AIRPORT RD, ROANOKE VA 24012
David Harris	director	237 PARK AVENUE - SUITE 900, NEW YORK NY 10017