Rave Restaurant Group (Rave Restaurant Group) Days Inventory : 0.00 (As of Dec. 2023)

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What is Rave Restaurant Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rave Restaurant Group's Average Total Inventories for the three months ended in Dec. 2023 was $0.00 Mil. Rave Restaurant Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.84 Mil. Hence, Rave Restaurant Group's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

During the past 13 years, Rave Restaurant Group's highest Days Inventory was 15.43. The lowest was 0.48. And the median was 2.46.

RAVE's Days Inventory is not ranked ^*
in the Restaurants industry.
Industry Median: 15.46
* Ranked among companies with meaningful Days Inventory only.

Rave Restaurant Group's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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. Rave Restaurant Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Rave Restaurant Group Days Inventory Historical Data

The historical data trend for Rave 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.

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Rave Restaurant Group Days Inventory Chart

Rave Restaurant Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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0.48

0.73

Rave 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	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Rave Restaurant Group's Days Inventory

For the Restaurants subindustry, Rave 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.

Rave Restaurant Group's Days Inventory Distribution in the Restaurants Industry

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

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

Rave Restaurant Group Days Inventory Calculation

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

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

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	3.956	*	365
=	0					/	3.956	*	365
=	0.00

Rave 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
=	( (0	+	0)	/	1 )	/	0.844	*	365 / 4
=	0					/	0.844	*	365 / 4
=	0.00

Rave Restaurant Group (NAS:RAVE) 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.

Rave 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
	=	0.844	/	0
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	2.792
	=	0.00

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.

Rave Restaurant Group Days Inventory Related Terms

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

Rave Restaurant Group (Rave Restaurant Group) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

3551 Plano Parkway, The Colony, TX, USA, 75056

Website

https://www.raverg.com

Rave Restaurant Group Inc operates and franchises pizza buffet, delivery/carry-out, and express restaurants. It operates restaurants under the brand name, Pizza Inn, and Pie Five Pizza Company. It has three operating segments. The Pizza Inn and Pie Five Franchising segments establish franchisees, licensees, and territorial rights. The company-owned restaurant segment includes sales and operating results for all company-owned restaurants. The Pizza Inn Franchising segment accounts for the company's revenue. Geographically, it generates the majority of the revenue from the United States.

Executives

Hallmark Insurance Co	other: See Note 1	777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Hallmark Specialty Insurance Co	other: See Note 1	777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
American Hallmark Insurance Co Of Texas	other: See Explanation	777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Brandon Solano	officer: Chief Executive Officer	3551 PLANO PARKWAY, THE COLONY TX 75056
Mark E Schwarz	director, 10 percent owner	5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Clinton Dayne Fendley	officer: Vice President - Finance	3551 PLANO PARKWAY, THE COLONY TX 75056
Burns Michael F Jr	officer: Chief Operating Officer	3551 PLANO PARKWAY, THE COLONY TX 75056
Andrea K. Allen	officer: Chief Acctg. & Admin. Officer	3551 PLANO PARKWAY, THE COLONY TX 75056
Robert W. Bafundo	officer: President	3551 PLANO PARKWAY, THE COLONY TX 75056
Scott Crane	officer: President & CEO	3551 PLANO PARKWAY, THE COLONY TX 75056
Brian Timothy Bares	director	12600 HILL COUNTRY BLVD, SUITE R-230, AUSTIN TX 78738
Timothy E Mullany	officer: Chief Financial Officer	3551 PLANO PARKWAY, THE COLONY TX 75056
Hammett William C Jr	director	CAMPBELL CENTRE, 8350 N CENTRAL EXPRESSWAY STE 1900, DALLAS TX 75206
Randall E. Gier	officer: President & CEO	3551 PLANO PARKWAY, THE COLONY TX 75056
Clinton J Coleman	director	C/O NEWCASTLE CAPITAL MANAGEMENT, L.P., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201