Red Robin Gourmet Burgers (FRA:RRN) Inventory Turnover : 10.04 (As of Mar. 2024)

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What is Red Robin Gourmet Burgers 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. Red Robin Gourmet Burgers's Cost of Goods Sold for the three months ended in Mar. 2024 was €249 Mil. Red Robin Gourmet Burgers's Average Total Inventories for the quarter that ended in Mar. 2024 was €25 Mil. Red Robin Gourmet Burgers's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red Robin Gourmet Burgers's Days Inventory for the three months ended in Mar. 2024 was 9.09.

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. Red Robin Gourmet Burgers's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Red Robin Gourmet Burgers Inventory Turnover Historical Data

The historical data trend for Red Robin Gourmet Burgers'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.

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Red Robin Gourmet Burgers Inventory Turnover Chart

Red Robin Gourmet Burgers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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32.81

23.93

32.42

33.78

32.75

Red Robin Gourmet Burgers 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															10.28	7.60	7.19	7.84	10.04

Red Robin Gourmet Burgers Inventory Turnover Calculation

Red Robin Gourmet Burgers'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 )
=	811.784	/ (	(24.966	+	24.611)	/	2 )
=	811.784	/	24.7885
=	32.75

Red Robin Gourmet Burgers'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 )
=	248.948	/ (	(24.611	+	24.972)	/	2 )
=	248.948	/	24.7915
=	10.04

Red Robin Gourmet Burgers (FRA:RRN) 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.

Red Robin Gourmet Burgers'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
	=	24.7915	/	248.948	*	365 / 4
	=	9.09

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.

Red Robin Gourmet Burgers'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 )
	=	24.7915	/	357.458
	=	0.07

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.

Red Robin Gourmet Burgers Inventory Turnover Related Terms

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Red Robin Gourmet Burgers (FRA:RRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Red Robin Gourmet Burgers Inc (FRA:RRN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

RRGB:USA

Address

10000 E. Geddes Avenue, Suite 500, Englewood, CO, USA, 80112

Website

https://www.redrobin.com

Red Robin Gourmet Burgers Inc is a restaurant operator. The company develops, operates, and franchises casual-dining restaurants and fast-casual restaurants in North America. Its brands are Red Robin, Red Robin Gourmet Burgers, Red Robin America's Gourmet Burgers and Spirits, Red Robin Burger Works, YUMMM, Red Robin Gourmet Burgers and Brews, and Red Robin Royalty names and logos. The company's revenue consists of sales from restaurant operations, gift card breakage, franchise royalties and fees, and other miscellaneous revenue.

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