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FWRG (First Watch Restaurant Group) Days Inventory : 2.46 (As of Dec. 2024)


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What is First Watch Restaurant Group Days Inventory?

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:

FWRG' s Days Inventory Range Over the Past 10 Years
Min: 2.52   Med: 2.76   Max: 3.29
Current: 2.52

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.

FWRG's Days Inventory is ranked better than
95.31% of 341 companies
in the Restaurants industry
Industry Median: 15.72 vs FWRG: 2.52

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.


First Watch Restaurant Group Days Inventory Historical Data

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.

* Premium members only.

First Watch Restaurant Group Days Inventory Chart

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 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 2.39 2.55 2.48 2.48 2.46

Competitive Comparison of First Watch Restaurant Group's Days Inventory

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.


First Watch Restaurant Group's Days Inventory Distribution in the Restaurants Industry

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.


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First Watch Restaurant Group Days Inventory Calculation

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

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

* 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.


First Watch Restaurant Group Days Inventory Related Terms

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.


First Watch Restaurant Group Business Description

Traded in Other Exchanges
N/A
Address
8725 Pendery Place, Suite 201, Bradenton, FL, USA, 34201
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. It generates revenues from Restaurant sales and Franchise revenues.
Executives
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