Good Times Restaurants (Good Times Restaurants) Inventory Turnover

: 21.27 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Good Times Restaurants's Cost of Goods Sold for the three months ended in Dec. 2023 was $30.1 Mil. Good Times Restaurants's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.4 Mil. Good Times Restaurants's Inventory Turnover for the quarter that ended in Dec. 2023 was 21.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Good Times Restaurants's Days Inventory for the three months ended in Dec. 2023 was 4.29.

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. Good Times Restaurants's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Good Times Restaurants Inventory Turnover Historical Data

The historical data trend for Good Times Restaurants's Inventory Turnover 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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Good Times Restaurants Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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93.87

87.86

88.13

90.92

88.21

Good Times Restaurants Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															21.59	22.72	23.26	22.66	21.27

Good Times Restaurants Inventory Turnover Calculation

Good Times Restaurants's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	123.226	/ (	(1.387	+	1.407)	/	2 )
=	123.226	/	1.397
=	88.21

Good Times Restaurants's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	30.111	/ (	(1.407	+	1.424)	/	2 )
=	30.111	/	1.4155
=	21.27

Good Times Restaurants (NAS:GTIM) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Good Times Restaurants's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.4155	/	30.111	*	365 / 4
	=	4.29

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.

Good Times Restaurants's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.4155	/	33.132
	=	0.04

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Good Times Restaurants Inventory Turnover Related Terms

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Good Times Restaurants (Good Times Restaurants) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Good Times Restaurants Inc (NAS:GTIM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

651 Corporate Circle, No. 200, Golden, CO, USA, 80401

Website

https://www.goodtimesburgers.com

Good Times Restaurants Inc is engaged in developing, owning, operating, and franchising hamburger-oriented drive-through restaurants. It operates through two segments: Good Times Burgers and Frozen Custard restaurants which operate in the quick-service drive-through dining industry; and Bad Daddy's Burger Bar restaurants which operate in the full-service upscale casual dining industry. The company generates maximum revenue from the Bad Daddy's Burger Bar restaurants segment. Its menu categories include burgers; chicken; kids; breakfast; frozen custard; slides and drinks.

Executives

Donald L Stack	officer: SVP of Operations	651 CORPORATE CIRCLE, SUITE 200, GOLDEN CO 80401
Ryan M Zink	officer: Chief Financial Officer	141 UNION BOULEVARD #400, LAKEWOOD CO 80228
Jennifer C Stetson	director	3753 EL SERENO AVENUE, ALTADENTA CA 91001
Matthew Karnes	officer: Sr Vice President of Finance	651 CORPORATE CIRCLE, SUITE 200, GOLDEN CO 80401
Margaret E Regalia	officer: Vice President of Finance	651 CORPORATE CIRCLE, SUITE 200, GOLDEN CO 80401
Scott Lefever	officer: VICE PRESIDENT	601 CORPORATE CIRCLE, GOLDEN CO 80401
Charles E Jobson	10 percent owner
Robert J Stetson	director	14901 QUORUM DRIVE, DALLAS TX 75254
Susan M Knutson	officer: Controller	601 CORPORATE CIRCLE, GOLDEN CO 80401
Jason Maceda	director	C/O DUNKIN' BRANDS, INC., 130 ROYALL STREET, CANTON MA 02021
Geoffrey R Bailey	director	601 CORPORATE CIRCLE, GOLDEN CO 80401
Boyd E Hoback	officer: President and CEO	601 CORPORATE CIRCLE, GOLDEN CO 80401
Alan A Teran	director	2126 KNOLLWOOD DR, BOULDER CO 80302
Eric W Reinhard	director	601 CORPORATE CIRCLE, GOLDEN CO 80401
Delta Partners Llc	10 percent owner	265 FRANKLIN STREET, SUITE 903, BOSTON MA 02110