European Wax Center (European Wax Center) Days Inventory : 145.34 (As of Mar. 2024)

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What is European Wax Center Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). European Wax Center's Average Total Inventories for the three months ended in Mar. 2024 was $21.5 Mil. European Wax Center's Cost of Goods Sold for the three months ended in Mar. 2024 was $13.5 Mil. Hence, European Wax Center's Days Inventory for the three months ended in Mar. 2024 was 145.34.

The historical rank and industry rank for European Wax Center's Days Inventory or its related term are showing as below:

EWCZ' s Days Inventory Range Over the Past 10 Years
Min: 115.73 Med: 130.77 Max: 196.67
Current: 134.35

During the past 5 years, European Wax Center's highest Days Inventory was 196.67. The lowest was 115.73. And the median was 130.77.

EWCZ's Days Inventory is ranked worse than
72.83% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs EWCZ: 134.35

European Wax Center's Days Inventory declined from Mar. 2023 (152.32) to Mar. 2024 (145.34).

Inventory Turnover measures how fast the company turns over its inventory within a year. European Wax Center's Inventory Turnover for the three months ended in Mar. 2024 was 0.63.

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. European Wax Center's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.42.

European Wax Center Days Inventory Historical Data

The historical data trend for European Wax Center'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.

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European Wax Center Days Inventory Chart

European Wax Center Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

196.67

166.10

115.73

130.77

127.57

European Wax Center Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial													152.32	131.69	131.28	124.54	145.34

Competitive Comparison of European Wax Center's Days Inventory

For the Household & Personal Products subindustry, European Wax Center'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.

European Wax Center's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, European Wax Center's Days Inventory distribution charts can be found below:

* The bar in red indicates where European Wax Center's Days Inventory falls into.

European Wax Center Days Inventory Calculation

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

European Wax Center'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
=	( (23.017	+	20.767)	/	2 )	/	62.637	*	365
=	21.892					/	62.637	*	365
=	127.57

European Wax Center's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (20.767	+	22.314)	/	2 )	/	13.524	*	365 / 4
=	21.5405					/	13.524	*	365 / 4
=	145.34

European Wax Center (NAS:EWCZ) 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.

European Wax Center's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.524	/	21.5405
	=	0.63

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.

European Wax Center's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.5405	/	51.874
	=	0.42

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.

European Wax Center Days Inventory Related Terms

Thank you for viewing the detailed overview of European Wax Center's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

European Wax Center (European Wax Center) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » European Wax Center Inc (NAS:EWCZ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5830 Granite Parkway, 3rd Floor, Plano, TX, USA, 75024

Website

https://www.waxcenter.com

European Wax Center Inc is a franchisor and operator of OOH waxing services. Its product sales consist of revenue earned from sales of proprietary wax.

Executives

Andrea Lyn Wasserman	officer: Chief Commercial Officer	C/O EUROPEAN WAX CENTER, INC., 5830 GRANITE PARKWAY, 3RD FLOOR, PLANO TX 75024
Stacie Shirley	officer: CFO	TUESDAY MORNING CORPORATION, 6250 LBJ FREEWAY, DALLAS TX 75240
Julie Hauser-blanner	officer: SVP Ops, Field Tr. & Ind. Eng.	C/O EUROPEAN WAX CENTER, INC., 5830 GRANITE PARKWAY, 3RD FLOOR, PLANO TX 75024
Ewc Holdings, Inc.	10 percent owner	15511 FISHER ISLAND DRIVE, FISHER ISLAND FL 37495
General Atlantic Partners Aiv-1 A, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055
Gapco Aiv Holdings, L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Ga Aiv-1 B Interholdco (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Genpar (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Partners Aiv (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Gapco Aiv Interholdco (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Partners Aiv-1 B, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055
Gap Coinvestments V, Llc	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic (spv) Gp, Llc	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Gap Coinvestments Iii, Llc	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055