GEN Restaurant Group (GEN Restaurant Group) Change In Inventory : $0.9 Mil (TTM As of Mar. 2024)

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What is GEN Restaurant Group Change In Inventory?

GEN Restaurant Group's change in inventory for the quarter that ended in Mar. 2024 was $-0.0 Mil. It means GEN Restaurant Group's inventory increased by $0.0 Mil from Dec. 2023 to Mar. 2024 .

GEN Restaurant Group's change in inventory for the fiscal year that ended in Dec. 2023 was $2.1 Mil. It means GEN Restaurant Group's inventory declined by $2.1 Mil from Dec. 2022 to Dec. 2023 .

GEN Restaurant Group's Total Inventories for the quarter that ended in Mar. 2024 was $0.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GEN Restaurant Group's Days Inventory for the quarter that ended in Mar. 2024 was 1.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. GEN Restaurant Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 70.84.

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. GEN Restaurant Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

GEN Restaurant Group Change In Inventory Historical Data

The historical data trend for GEN Restaurant Group's Change In 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.

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GEN Restaurant Group Change In Inventory Chart

GEN Restaurant Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.15

0.28

-0.99

-1.41

2.08

GEN Restaurant Group Quarterly Data
	Dec19	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial									1.20	0.40	0.37	0.12	-0.01

GEN Restaurant Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.9 Mil.

GEN Restaurant Group (NAS:GENK) Change In Inventory Explanation

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

GEN Restaurant Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.4675	/	33.12	*	365 / 4
	=	1.29

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33.12	/	0.4675
	=	70.84

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4675	/	50.76
	=	0.01

GEN Restaurant Group Change In Inventory Related Terms

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GEN Restaurant Group (GEN Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » GEN Restaurant Group Inc (NAS:GENK) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

11480 South Street, Suite 205, Cerritos, CA, USA, 90703

Website

https://www.genkoreanbbq.com

GEN Restaurant Group Inc is engaged in GEN Korean BBQ which is one of the largest Asian casual dining restaurants. It offers an extensive menu of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables, all at a superior value. Its restaurants have modern decor, lively Korean pop music playing in the background and embedded grills in the center of each table. Its food is served family style and requires guests to share and coordinate their cooking responsibilities, which fosters more meaningful interaction than traditional casual dining. The company believes in its unique culinary experience appeals to a vast segment of the population, particularly Millennials and Gen Z.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Jonathan Gregory	director	1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020
Thomas Croal	officer: Chief Financial Officer	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Jae Chang	director, officer: Co-Chief Executive Officer	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Michael Cowan	director	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Jose Manzanarez	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Don Kim	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Juhee Han	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Lauren Wang	10 percent owner	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703
Ichibon Trading, Llc	10 percent owner	2711 VILLA PISA LN, LEAGUE CITY TX 77573-3293
Kim David Wook Jin	director, 10 percent owner, officer: Co-Chief Executive Officer	11480 SOUTH STREET, SUITE 205, CERRITOS CA 90703