First Watch Restaurant Group (First Watch Restaurant Group) Total Inventories : $5.2 Mil (As of Mar. 2024)

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What is First Watch Restaurant Group Total Inventories?

First Watch Restaurant Group's total inventories for the quarter that ended in Mar. 2024 was $5.2 Mil. First Watch Restaurant Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $5.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. First Watch Restaurant Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-10.87.

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 three months ended in Mar. 2024 was 2.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Watch Restaurant Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 35.82.

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 quarter that ended in Mar. 2024 was 0.02.

First Watch Restaurant Group Total Inventories Historical Data

The historical data trend for First Watch Restaurant Group's Total Inventories 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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First Watch Restaurant Group Total Inventories Chart

First Watch Restaurant Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

2.71

2.92

4.02

5.03

5.38

First Watch Restaurant Group Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial												4.41	4.89	4.79	5.38	5.20

First Watch Restaurant Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

First Watch Restaurant Group (NAS:FWRG) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

First Watch Restaurant Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(43.245	+	0.75 * 3.807	+	0.5 * 5.198	-	704.816
-	0	-	0)	/	60.3725
=	-10.87

2. 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 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
	=	5.2895	/	189.446	*	365 / 4
	=	2.55

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

First Watch Restaurant Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	189.446	/	5.2895
	=	35.82

4. 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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	5.2895	/	242.449
	=	0.02

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

First Watch Restaurant Group Total Inventories Related Terms

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First Watch Restaurant Group (First Watch Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » First Watch Restaurant Group Inc (NAS:FWRG) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

8725 Pendery Place, Suite 201, Bradenton, FL, USA, 34201

Website

https://www.firstwatch.com

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

William A Kussell	director	C/O ADVENT INTERNATIONAL CORPORATION, 75 STATE STREET 29TH FLOOR, BOSTON MA 02109
Christopher Anthony Tomasso	director, officer: President and CEO	C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
Matthew Eisenacher	officer: Chief Brand Officer	8725 PENDERY PLACE, STE. 201, BRADENTON FL 34201
Irene Chang Britt	director	CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
Advent International Corp/ma	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
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
Advent International Gp, Llc	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Michael James White	director	C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Advent Partners Gpe Vii-b Cayman Limited Partnership	10 percent owner	C/O ADVENT INTERNATIONAL CORPORATION, 75 STATE STREET, BOSTON MA 02109
Stephanie Lilak	director	C/O DUNKIN' BRANDS, INC., 130 ROYALL STREET, CANTON MA 02021
Hope H Melville Iii	officer: CFO and Treasurer	AFC ENTERPRISES INC, SIX CONCOURSE PKWY STE 1700, ATLANTA GA 30328-5352
Middleton Calum Alasdair Johnstone	officer: Chief Strategy Officer	C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
Gpe Viii Gp Limited Partnership	10 percent owner	C/O ADVENT INTERNATIONAL CORP., 75 STATE STREET, BOSTON MA 02109
Gpe Viii Gp S.a.r.l.	10 percent owner	CO ADVENT INTERNATIONAL, 800 BOYLSTON STREET, BOSTON MA 02199