GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Wingstop Inc (FRA:EWG) » Definitions » Inventory Turnover

Wingstop (FRA:EWG) Inventory Turnover : 139.52 (As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Wingstop Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Wingstop's Cost of Goods Sold for the three months ended in Mar. 2024 was €68.5 Mil. Wingstop's Average Total Inventories for the quarter that ended in Mar. 2024 was €0.5 Mil. Wingstop's Inventory Turnover for the quarter that ended in Mar. 2024 was 139.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wingstop's Days Inventory for the three months ended in Mar. 2024 was 0.65.

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. Wingstop's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Wingstop Inventory Turnover Historical Data

The historical data trend for Wingstop's Inventory Turnover 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.

Wingstop Inventory Turnover Chart

Wingstop Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 332.73 339.34 331.94 442.82 507.08

Wingstop Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover 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 Premium Member Only 143.38 - - 122.36 139.52

Wingstop Inventory Turnover Calculation

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

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=217.539 / ((0.367 + 0.491) / 2 )
=217.539 / 0.429
=507.08

Wingstop's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover (Q: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=68.506 / ((0.491 + 0) / 1 )
=68.506 / 0.491
=139.52

* 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.

Wingstop  (FRA:EWG) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Wingstop's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=0.491/68.506*365 / 4
=0.65

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.

Wingstop's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=0.491 / 134.126
=0.00

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Wingstop Inventory Turnover Related Terms

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

Wingstop (FRA:EWG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Wingstop Inc (FRA:EWG) » Definitions » Inventory Turnover
Comparable Companies
TXRH WEN CAVA SHAK PZZA LKNCY BLMN ARCO BROS CAKE MCD SBUX CMG LSE:CPG YUM TSX:QSP.UN YUMC TSX:QSR DRI HKSE:06862
Traded in Other Exchanges
WING:USA
Address
15505 Wright Brothers Drive, Addison, TX, USA, 75001
Website
https://www.wingstop.com
Founded in 1994 in Garland, Texas, Wingstop is a restaurant operator specializing in indulgent bone-in and boneless chicken wings, chicken tenders, fries, and recently chicken sandwiches. The firm's footprint has grown quickly since its inception, reaching nearly 2,000 global stores at the end of 2022, rendering Wingstop the 40th-largest restaurant chain in the U.S. by system sales, according to Technomic data. With a 98% franchised model, Wingstop generates the lion share of its revenue from franchise royalties and advertising fees, with the remainder derived from a small footprint of company-owned stores.