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Days Inventory is also known as Days Sales of Inventory (DSI). First Watch Restaurant Group's Average Total Inventories for the three months ended in Dec. 2024 was $6 Mil. First Watch Restaurant Group's Cost of Goods Sold for the three months ended in Dec. 2024 was $212 Mil. Hence, First Watch Restaurant Group's Days Inventory for the three months ended in Dec. 2024 was 2.46.
The historical rank and industry rank for First Watch Restaurant Group's Days Inventory or its related term are showing as below:
During the past 6 years, First Watch Restaurant Group's highest Days Inventory was 3.29. The lowest was 2.52. And the median was 2.76.
First Watch Restaurant Group's Days Inventory increased from Dec. 2023 (2.39) to Dec. 2024 (2.46). It might indicate that First Watch Restaurant Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. First Watch Restaurant Group's Inventory Turnover for the three months ended in Dec. 2024 was 37.04.
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. First Watch Restaurant Group's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.02.
The historical data trend for First Watch 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.
First Watch Restaurant Group Annual Data | |||||||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
Days Inventory | Get a 7-Day Free Trial | 3.29 | 2.65 | 2.80 | 2.71 | 2.61 |
First Watch Restaurant Group Quarterly Data | |||||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Days Inventory | Get a 7-Day Free Trial |
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2.39 | 2.55 | 2.48 | 2.48 | 2.46 |
For the Restaurants subindustry, First Watch 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.
For the Restaurants industry and Consumer Cyclical sector, First Watch Restaurant Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where First Watch Restaurant Group's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
First Watch Restaurant Group's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as
Days Inventory (A: Dec. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2023 ) | + | Total Inventories (A: Dec. 2024 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2024 ) | * | Days in Period |
= | ( (5.381 | + | 6.117) | / | 2 ) | / | 802.906 | * | 365 |
= | 5.749 | / | 802.906 | * | 365 | ||||
= | 2.61 |
First Watch Restaurant Group's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:
Days Inventory (Q: Dec. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Sep. 2024 ) | + | Total Inventories (Q: Dec. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | ( (5.329 | + | 6.117) | / | 2 ) | / | 211.975 | * | 365 / 4 |
= | 5.723 | / | 211.975 | * | 365 / 4 | ||||
= | 2.46 |
* 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.
First Watch Restaurant Group (NAS:FWRG) 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.
First Watch Restaurant Group's Inventory Turnover for the three months ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 211.975 | / | 5.723 | |
= | 37.04 |
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.
First Watch Restaurant Group's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 5.723 | / | 263.291 | |
= | 0.02 |
* 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.
Thank you for viewing the detailed overview of First Watch Restaurant Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew Eisenacher | officer: Chief Brand Officer | 8725 PENDERY PLACE, STE. 201, BRADENTON FL 34201 |
Hope H Melville Iii | officer: CFO and Treasurer | AFC ENTERPRISES INC, SIX CONCOURSE PKWY STE 1700, ATLANTA GA 30328-5352 |
Jay Anthony Wolszczak | officer: General Counsel and Secretary | C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201 |
Christopher Anthony Tomasso | director, officer: President and CEO | C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201 |
Eric Richard Hartman | officer: Chief Development Officer | C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201 |
Laura Anne Sorensen | officer: Chief People Officer | C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201 |
John Daniel Jones | officer: Chief Operations Officer | C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201 |
Advent International Gpe Viii-i Limited Partnership | 10 percent owner | 800 BOYLSTON STREET, SUITE 3300, BOSTON MA 02199 |
Advent International Corp/ma | 10 percent owner | 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199 |
Advent Partners Gpe Viii Limited Partnership | 10 percent owner | C/O ADVENT INTERNATIONAL CORPORATION, 800 BOYLSON STREET, SUITE 3300, BOSTON MA 02199 |
William A Kussell | director | C/O ADVENT INTERNATIONAL CORPORATION, 75 STATE STREET 29TH FLOOR, BOSTON MA 02109 |
David Paresky | director | ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199 |
Tricia Glynn | director | C/O ADVENT INERNATIONAL CORPORATION, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199 |
Irene Chang Britt | director | CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
Advent International Gp, Llc | 10 percent owner | 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199 |
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