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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. First Watch Restaurant Group's Revenue for the
three
months ended in Jun. 2026 was $355 Mil. First Watch Restaurant Group's average Accounts Receivable for the
three
months ended in Jun. 2026 was $4 Mil.
Hence, First Watch Restaurant Group's Receivables Turnover for the
three
months ended in Jun. 2026 was 93.40.
First Watch Restaurant Group (NAS:FWRG) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
First Watch Restaurant Group Receivables Turnover Related Terms
First Watch Restaurant Group Receivables Turnover Historical Data
* 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 Receivables Turnover Chart
FWRG vs SG, BLMN, CNNE: Receivables Turnover Comparison
For the Restaurants subindustry, First Watch Restaurant Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, First Watch Restaurant Group's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where First Watch Restaurant Group's Receivables Turnover falls into.
* 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 (FWRG) has a Receivables Turnover of 93.40 as of Jun. 2026. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on First Watch Restaurant Group and its competitors. According to the industry distribution chart, First Watch Restaurant Group ranks #10 out of 355 companies in the Restaurants industry, placing it in the top 2.8%.
Is First Watch Restaurant Group's Receivables Turnover too high?
First Watch Restaurant Group's current Receivables Turnover is 93.40. The Restaurants industry median Receivables Turnover is 28.95. First Watch Restaurant Group's value of 93.40 is 222.6% above this industry median. Based on the distribution chart, First Watch Restaurant Group ranks #10 out of 355 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, First Watch Restaurant Group has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does First Watch Restaurant Group's Receivables Turnover compare to SG and BLMN?
According to the Restaurants industry distribution chart, First Watch Restaurant Group ranks #10 out of 355 companies for Receivables Turnover. This places First Watch Restaurant Group in the top 3% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 28.95. First Watch Restaurant Group's value of 93.40 is 222.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Restaurants company?
The median Receivables Turnover among Restaurants companies is 28.95, based on 355 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Watch Restaurant Group's current Receivables Turnover of 93.40 is 222.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on First Watch Restaurant Group and its competitors. For the Restaurants industry, the median Receivables Turnover is 28.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Watch Restaurant Group's current Receivables Turnover is 93.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Watch Restaurant Group stock overvalued right now?
Based on GuruFocus' analysis, First Watch Restaurant Group (FWRG) is currently considered Possible Value Trap. The stock's GF Value™ is $22.39, compared to a current price of $12.01 — trading 46.4% below its estimated fair value. The current Receivables Turnover is 93.40 and 222.6% above the Restaurants industry median of 28.95. First Watch Restaurant Group's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For First Watch Restaurant Group (FWRG), the current Receivables Turnover is 93.40 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Watch Restaurant Group (FWRG) Overvalued in 2026?
Based on GuruFocus' analysis, First Watch Restaurant Group stock appears to be undervalued.
The current stock price of $12.01 is trading 46.4% below its estimated GF Value™ of $22.39.
GuruFocus considers First Watch Restaurant Group to be Possible Value Trap.
Key valuation signals for FWRG:
Receivables Turnover: 93.40
GF Value™: $22.39 vs. price of $12.01 (46.4% below fair value)
Industry Position: 222.6% above the Restaurants median (#10 of 355)
No single metric tells the full story. See the FWRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company generates revenues from Restaurant sales and Franchise revenues. It generates maximum revenue from Restaurant sales.
75GF Score
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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