Ruth's Hospitality Group (Ruth's Hospitality Group) Change In Inventory : $-0.7 Mil (TTM As of Mar. 2023)

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What is Ruth's Hospitality Group Change In Inventory?

Ruth's Hospitality Group's change in inventory for the quarter that ended in Mar. 2023 was $0.7 Mil. It means Ruth's Hospitality Group's inventory declined by $0.7 Mil from Dec. 2022 to Mar. 2023 .

Ruth's Hospitality Group's change in inventory for the fiscal year that ended in Dec. 2022 was $-0.7 Mil. It means Ruth's Hospitality Group's inventory increased by $0.7 Mil from Dec. 2021 to Dec. 2022 .

Ruth's Hospitality Group's Total Inventories for the quarter that ended in Mar. 2023 was $8.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ruth's Hospitality Group's Days Inventory for the quarter that ended in Mar. 2023 was 7.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ruth's Hospitality Group's Inventory Turnover for the quarter that ended in Mar. 2023 was 11.68.

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. Ruth's Hospitality Group's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.06.

Ruth's Hospitality Group Change In Inventory Historical Data

The historical data trend for Ruth's Hospitality Group's Change In 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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Ruth's Hospitality Group Change In Inventory Chart

Ruth's Hospitality Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-0.61

-0.05

1.98

-1.71

-0.72

Ruth's Hospitality Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Change In Inventory	Get a 7-Day Free Trial															0.66	-0.31	-0.07	-1.00	0.70

Ruth's Hospitality Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.7 Mil.

Ruth's Hospitality Group (NAS:RUTH) Change In Inventory Explanation

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

Ruth's Hospitality Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	8.7885	/	102.621	*	365 / 4
	=	7.81

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

Ruth's Hospitality Group's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	102.621	/	8.7885
	=	11.68

3. 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.

Ruth's Hospitality Group's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.7885	/	136.857
	=	0.06

Ruth's Hospitality Group Change In Inventory Related Terms

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Ruth's Hospitality Group (Ruth's Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Ruth's Hospitality Group Inc (NAS:RUTH) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1030 W. Canton Avenue, Suite 100, Winter Park, FL, USA, 32789

Website

https://www.rhgi.com

Ruth's Hospitality Group Inc operates or franchises more than 150 fine-dining restaurants under the name Ruth's Chris Steak House. The company has two reportable segments namely owned steakhouse and franchise operations. It generates maximum revenue from owned steakhouse segment. The company revenues are derived from the sale of food and beverage. It also has a presence in Aruba, Canada, China, Hong Kong, Indonesia, Japan, Mexico, Singapore, and Taiwan.

Executives

Mark Kupferman	officer: SVP, Chief Commercial Officer	1030 WEST CANTON AVENUE, SUITE 100, WINTER PARK FL 32789
Susan Mirdamadi	officer: EVP, Chief Admin Officer	1030 W CANTON AVE STE 100, WINTER PARK FL 32789
Michael P Odonnell	director, officer: President, CEO and Director	9659 PRESTON TRAIL WEST, PONTE VEDRA BEACH FL 32082
Mary Baglivo	director	C/O SAATCHI & SAATCHI, 17 HUDSON STREET, NEW YORK NY 10014
Marie Perry	director	26745 MALIBU HILLS RD, CALABASAS CA 91301
Stephen M King	director	2481 MANANA DRIVE, DALLAS TX 75220
David Hyatt	officer: Chief People Officer	1030 W. CANTON AVE., SUITE 100, WINTER PARK FL 32789
Marcy Norwood Lynch	officer: See Remarks	1030 W. CANTON AVENUE, SUITE 100, WINTER PARK FL 32789
Kristy Chipman	officer: See Remarks	1030 W. CANTON AVENUE, SUITE 100, WINTER PARK FL 32789
Alice G Givens	officer: SVP, General Counsel	4901 BAKERS MILL LANE, RICHMOND VA 23230
Cheryl Janet Henry	officer: Chief Branding Officer	C/O RUTH'S HOSPITALITY GROUP, INC., 1030 W. CANTON AVENUE, STE. 100, WINTER PARK FL 32789
Kevin W Toomy	officer: P&COO- Ruth's Chris Steak Hse	500 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Alan Vituli	director	968 JAMES STREET, SYRACUSE NY 13203
Carla Cooper	director	555 W. MONROE STREET, #08-01, CHICAGO IL 60661
Arne G. Haak	officer: Chief Financial Officer / EVP	1839 SENECA BOULEVARD, WINTER SPRINGS FL 32708