Portillos (Portillos) Days Inventory : 6.11 (As of Dec. 2023)

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What is Portillos Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Portillos's Average Total Inventories for the three months ended in Dec. 2023 was $7.6 Mil. Portillos's Cost of Goods Sold for the three months ended in Dec. 2023 was $113.1 Mil. Hence, Portillos's Days Inventory for the three months ended in Dec. 2023 was 6.11.

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

PTLO' s Days Inventory Range Over the Past 10 Years
Min: 5.02 Med: 6.66 Max: 7.27
Current: 6.18

During the past 5 years, Portillos's highest Days Inventory was 7.27. The lowest was 5.02. And the median was 6.66.

PTLO's Days Inventory is ranked better than
82.2% of 337 companies
in the Restaurants industry
Industry Median: 15.46 vs PTLO: 6.18

Portillos's Days Inventory declined from Dec. 2022 (6.54) to Dec. 2023 (6.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Portillos's Inventory Turnover for the three months ended in Dec. 2023 was 14.93.

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. Portillos's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

Portillos Days Inventory Historical Data

The historical data trend for Portillos'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.

Portillos Days Inventory Chart

Portillos Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

5.02

6.33

6.66

6.85

7.27

Portillos Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											6.54	6.13	5.40	6.00	6.11

Competitive Comparison of Portillos's Days Inventory

For the Restaurants subindustry, Portillos'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.

Portillos's Days Inventory Distribution in the Restaurants Industry

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

* The bar in red indicates where Portillos's Days Inventory falls into.

Portillos Days Inventory Calculation

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

Portillos's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (7.387	+	8.733)	/	2 )	/	404.737	*	365
=	8.06					/	404.737	*	365
=	7.27

Portillos'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
=	( (6.418	+	8.733)	/	2 )	/	113.13	*	365 / 4
=	7.5755					/	113.13	*	365 / 4
=	6.11

Portillos (NAS:PTLO) 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.

Portillos's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	113.13	/	7.5755
	=	14.93

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.5755	/	187.858
	=	0.04

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.

Portillos Days Inventory Related Terms

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

Portillos (Portillos) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Portillos Inc (NAS:PTLO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 Spring Road, Suite 400, Oak Brook, IL, USA, 60523

Website

https://www.portillos.com

Portillos Inc serves the Chicago street food industry through high-energy and multichannel restaurants. It owns and operates fast-casual restaurants in the United States, along with two food production commissaries in Illinois. Its menu includes hot dogs, beef and sausage sandwiches, sandwiches and ribs, salads, burgers, chicken, Barnelli's pasta, sides and soup, and desserts and shakes.

Executives

Derrick Lee Pratt	officer: Chief Operating Officer	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michael Osanloo	director, officer: President & CEO	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523
Kelly M Kaiser	officer: General Counsel and Secretary	2001 SPRING RD, STE 400, OAK BROOK IL 60523-1903
Cook George Richard Iii	officer: Senior VP, Technology	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Jill Francine Waite	officer: Chief Human Resources Officer	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Nicholas Anthony Scarpino	officer: See Remarks	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michael K Ellis	officer: Chief Development Officer	C/O EINSTEIN NOAH RESTAURANT GROUP, INC., 555 ZANG STREET, SUITE 300, LAKEWOOD CO 80228
Paulette R. Dodson	director	PETSMART, INC, 19601 N 27TH AVE, PHOENIX AZ 85027
Berkshire Fund Viii-a, L.p.	director, 10 percent owner	C/O EIGHTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116
Eighth Berkshire Associates Llc	director, 10 percent owner	200 CLARENDON STREET, BOSTON MA 02116-5009
Joshua Adam Lutzker	director	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Michelle Greig Hook	officer: CFO & Treasurer	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Sherri Lynn Abruscato	officer: See Remarks	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Susan Beth Shelton	officer: General Counsel and Secretary	C/O PORTILLO'S HOT DOGS, LLC, 2001 SPRING ROAD, SUITE 400, OAK BROOK IL 60523-1903
Berkshire Fund Viii, L.p.	director, 10 percent owner	C/O EIGHTH BERKSHIRE ASSOCIATES LLC, 200 CLARENDON STREET, BOSTON MA 02116