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Days Inventory is also known as Days Sales of Inventory (DSI). Carrols Restaurant Group's Average Total Inventories for the three months ended in Dec. 2023 was $14 Mil. Carrols Restaurant Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $391 Mil. Hence, Carrols Restaurant Group's Days Inventory for the three months ended in Dec. 2023 was 3.30.
The historical rank and industry rank for Carrols Restaurant Group's Days Inventory or its related term are showing as below:
During the past 13 years, Carrols Restaurant Group's highest Days Inventory was 4.40. The lowest was 3.23. And the median was 3.49.
Carrols Restaurant Group's Days Inventory declined from Dec. 2022 (3.36) to Dec. 2023 (3.30).
Inventory Turnover measures how fast the company turns over its inventory within a year. Carrols Restaurant Group's Inventory Turnover for the three months ended in Dec. 2023 was 27.62.
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. Carrols Restaurant Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.
The historical data trend for Carrols Restaurant Group'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.
Carrols Restaurant Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 3.46 | 3.49 | 3.27 | 3.42 | 3.49 |
Carrols Restaurant Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Days Inventory | Get a 7-Day Free Trial | 3.36 | 3.35 | 2.98 | 3.05 | 3.30 |
For the Restaurants subindustry, Carrols Restaurant Group'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.
For the Restaurants industry and Consumer Cyclical sector, Carrols Restaurant Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Carrols Restaurant Group's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Carrols Restaurant Group'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 |
= | ( (14.417 | + | 15.237) | / | 2 ) | / | 1552.113 | * | 365 |
= | 14.827 | / | 1552.113 | * | 365 | ||||
= | 3.49 |
Carrols Restaurant Group'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 |
= | ( (13.076 | + | 15.237) | / | 2 ) | / | 390.949 | * | 365 / 4 |
= | 14.1565 | / | 390.949 | * | 365 / 4 | ||||
= | 3.30 |
* 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.
Carrols Restaurant Group (NAS:TAST) 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.
Carrols Restaurant Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 390.949 | / | 14.1565 | |
= | 27.62 |
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.
Carrols Restaurant Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 14.1565 | / | 470.358 | |
= | 0.03 |
* 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
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.
Thank you for viewing the detailed overview of Carrols Restaurant Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony E Hull | officer: VP, CFO, Treasurer | 175 PARK AVENUE, MADISON NJ 07940 |
Gretta Miles | officer: VP, Controller, Asst Treasurer | 968 JAMES STREET, SYRACUSE NY 13203 |
Ahmad Filsoof | officer: VP, Strategic Initiatives | 968 JAMES STREET, SYRACUSE NY 13203 |
Cambridge Franchise Partners, Llc | 10 percent owner | 853 BROADWAY, NEW YORK NY 10003 |
Richard G Cross | officer: VP, Real Estate | 968 JAMES STREET, SYRACUSE NY 13203 |
Gary Mcquillan | officer: VP, Strategic Procurement | 968 JAMES STREET, SYRACUSE NY 13203 |
Joseph W Hoffman | officer: Chief Restaurant Officer | 968 JAMES STREET, SYRACUSE NY 13203 |
Paulo A Pena | officer: President and CEO | 968 JAMES STREET, SYRACUSE NY 13203 |
John Davis Smith | director | 968 JAMES STREET, SYRACUSE NY 13203 |
Jared L. Landaw | officer: VP, GC, Secretary | 101 WEST 79TH STREET - 12B, NEW YORK NY 10024 |
Nathan Mucher | officer: VP, Chief Information Officer | 968 JAMES STREET, SYRACUSE NY 13203 |
Thomas Benjamin Curtis | director | 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105 |
Matthew Terker Perelman | director, 10 percent owner | 853 BROADWAY, SUITE 2014, NEW YORK NY 10003 |
Carl S Hauch | officer: VP and COO | ADVANCE AUTO PARTS, INC, 5008 AIRPORT RD, ROANOKE VA 24012 |
David Harris | director | 237 PARK AVENUE - SUITE 900, NEW YORK NY 10017 |
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