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Good Times Restaurants (Good Times Restaurants) Days Inventory : 4.29 (As of Dec. 2023)


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Good Times Restaurants Days Inventory Definition

Days Inventory is also known as Days Sales of Inventory (DSI). Good Times Restaurants's Average Total Inventories for the three months ended in Dec. 2023 was $1.4 Mil. Good Times Restaurants's Cost of Goods Sold for the three months ended in Dec. 2023 was $30.1 Mil. Hence, Good Times Restaurants's Days Inventory for the three months ended in Dec. 2023 was 4.29.

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

GTIM' s Days Inventory Range Over the Past 10 Years
Min: 3.52   Med: 3.85   Max: 4.15
Current: 4.08

During the past 13 years, Good Times Restaurants's highest Days Inventory was 4.15. The lowest was 3.52. And the median was 3.85.

GTIM's Days Inventory is ranked better than
89.02% of 337 companies
in the Restaurants industry
Industry Median: 15.46 vs GTIM: 4.08

Good Times Restaurants's Days Inventory increased from Dec. 2022 (4.23) to Dec. 2023 (4.29). It might indicate that Good Times Restaurants's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Good Times Restaurants's Inventory Turnover for the three months ended in Dec. 2023 was 21.27.

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 three months ended in Dec. 2023 was 0.04.


Good Times Restaurants Days Inventory Historical Data

The historical data trend for Good Times 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.

* Premium members only.

Good Times Restaurants Days Inventory Chart

Good Times Restaurants Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.89 4.15 4.14 4.01 4.14

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
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.23 4.02 3.92 4.03 4.29

Competitive Comparison of Good Times Restaurants's Days Inventory

For the Restaurants subindustry, Good Times 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.


Good Times Restaurants Days Inventory Distribution

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

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



Good Times Restaurants Days Inventory Calculation

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 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
=( (1.387 + 1.407) / 2 ) / 123.226*365
=1.397 / 123.226*365
=4.14

Good Times 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
=( (1.407 + 1.424) / 2 ) / 30.111*365 / 4
=1.4155 / 30.111*365 / 4
=4.29

* 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.


Good Times Restaurants  (NAS:GTIM) 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.

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

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 three months ended in Dec. 2023 is calculated as

* 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.


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.


Good Times Restaurants Days Inventory Related Terms

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


Good Times Restaurants (Good Times Restaurants) Business Description

Traded in Other Exchanges
N/A
Address
651 Corporate Circle, No. 200, Golden, CO, USA, 80401
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