Cheesecake Factory (NAS:CAKE) Total Inventories

: $59 Mil (As of Mar. 2023)

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Cheesecake Factory's total inventories for the quarter that ended in Mar. 2023 was $59 Mil. Cheesecake Factory's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Mar. 2023 was $57 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cheesecake Factory's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was $-43.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cheesecake Factory's Days Inventory for the three months ended in Mar. 2023 was 10.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cheesecake Factory's Inventory Turnover for the quarter that ended in Mar. 2023 was 9.04.

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. Cheesecake Factory's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.07.

Cheesecake Factory Total Inventories Historical Data

The historical data trend for Cheesecake Factory's Total Inventories 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.

Cheesecake Factory Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

38.89

47.23

39.29

42.84

55.56

Cheesecake Factory Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Total Inventories																46.68	52.29	62.28	55.56	58.99

Cheesecake Factory Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Cheesecake Factory (NAS:CAKE) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Cheesecake Factory's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(116.164	+	0.75 * 68.456	+	0.5 * 58.989	-	2442.649
-	0	-	0)	/	51.4603
=	-43.64

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

Cheesecake Factory's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	57.274	/	517.752	*	365 / 4
	=	10.09

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

Cheesecake Factory's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	517.752	/	57.274
	=	9.04

4. 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.

Cheesecake Factory's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	57.274	/	866.114
	=	0.07

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Cheesecake Factory Total Inventories Related Terms

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Cheesecake Factory (NAS:CAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cheesecake Factory Inc (NAS:CAKE) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

CAKE:Mexico CF2:Germany

Address

26901 Malibu Hills Road, Calabasas Hills, CA, USA, 91301

Website

https://www.thecheesecakefactory.com

Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Most of the company's revenue comes from The Cheesecake Factory restaurants segment.

Executives

Adam S. Gordon	director	26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Khanh Collins	director	22825 QUEENSBRIDGE DRIVE, ASHBURN VA 20148
Paul D. Ginsberg	director	C/O ROARK CAPITAL, 1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Rc Cake Holdings Llc	10 percent owner	1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Janice L. Meyer	director	26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Scarlett May	officer: EVP, General Counsel	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Keith Carango	officer: President (Subsidiary)	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Edie A Ames	director	C/O MORTONS RESTATURANT GROUP, INC., 325 LASALLE STREET, SUITE 500, CHICAGO IL 60610
Doug Benn	officer: Executive VP, CFO	C/O INNOVATIVE RESTAURANTS CONCEPT INC, 1640 POWERS FERRY RD BLDG 2 STE 300, MARIETTA GA 30067-9400
David M Gordon	officer: President	C/O THE CHEESECAKE FACTORY INCORPORATED, 26901 MALIBU HILLS DRIVE, CALABASAS HILLS CA 91301
Douglas L Schmick	director	720 SW WASHINGTON STREET, SUITE 550, PORTLAND OR 97205
Laurence B Mindel	director	IL FORNAIO AMERICA CORP, 770 TAMAPAIS DR STE 400, CORTE MADERA CA 94925
Herbert Simon	director	115 W WASHINGTON ST, INDIANAPOLIS IN 46204
Michael E Jannini	officer: President	C/O 26901 MALIBU HILLS DRIVE, CALABASAS HILLS CA 91301
David Bruce Pittaway	director	150 E 58TH ST, STE 3700, NEW YORK NY 10155