Cava Group (Cava Group) Days Payable : 10.24 (As of Dec. 2023)

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What is Cava Group Days Payable?

Cava Group's average Accounts Payable for the three months ended in Dec. 2023 was $15.4 Mil. Cava Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $137.3 Mil. Hence, Cava Group's Days Payable for the three months ended in Dec. 2023 was 10.24.

The historical rank and industry rank for Cava Group's Days Payable or its related term are showing as below:

CAVA' s Days Payable Range Over the Past 10 Years
Min: 10.5 Med: 11.07 Max: 13.68
Current: 13.68

During the past 3 years, Cava Group's highest Days Payable was 13.68. The lowest was 10.50. And the median was 11.07.

CAVA's Days Payable is ranked worse than
94.12% of 340 companies
in the Restaurants industry
Industry Median: 38.035 vs CAVA: 13.68

Cava Group's Days Payable declined from Sep. 2022 (10.56) to Dec. 2023 (10.24). It may suggest that Cava Group accelerated paying its suppliers.

Cava Group Days Payable Historical Data

The historical data trend for Cava Group's Days Payable 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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Cava Group Days Payable Chart

Cava Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

12.21

11.07

10.50

Cava Group Quarterly Data
	Sep21	Dec21	Apr22	Sep22	Dec22	Apr23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			10.56	11.77	9.67	9.45	10.24

Competitive Comparison of Cava Group's Days Payable

For the Restaurants subindustry, Cava Group's Days Payable, along with its competitors' market caps and Days Payable 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.

Cava Group's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cava Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Cava Group's Days Payable falls into.

Cava Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Cava Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (14.311	+	17.234)	/	2 )	/	548.354	*	365
=	15.7725					/	548.354	*	365
=	10.50

Cava Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (13.568	+	17.234)	/	2 )	/	137.306	*	365 / 4
=	15.401					/	137.306	*	365 / 4
=	10.24

Cava Group Days Payable Related Terms

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Cava Group (Cava Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cava Group Inc (NYSE:CAVA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Ridge Square NW, Suite 500,, Washington, DC, USA, 20016

Website

https://www.cava.com

Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen.

Executives

Philippe Amouyal	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Jennifer Somers	officer: Chief Operations Officer	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Kenneth Robert Bertram	officer: CLO & Secretary	3404 CHOCO CHASE, MECHNICSBURG NY 17055
Tricia K. Tolivar	officer: Chief Financial Officer	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Todd Klein	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Theodoros Xenohristos	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Swan Hospitality 4 Llc	10 percent owner	108 LOUDOUN STREET SW, LEESBURG VA 20175
Act Iii Holdings Llc	10 percent owner	23 PRESCOTT STREET, BROOKLINE MA 02446
Adam David Phillips	officer: Chief Accounting Officer	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Benjamin Felt	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
David Bosserman	director	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Brett Schulman	director, 10 percent owner, officer: CEO and President	C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Cava Act Iii Trust, Llc	10 percent owner	23 PRESCOTT STREET, BROOKLINE MA 02446
Cava Act Iii, Llc	10 percent owner	23 PRESCOTT STREET, BROOKLINE MA 02446
Todd D Klein	director	1717 RHODE ISLAND AVENUE, N.W., 10TH FLOOR, WASHINGTON DC 20036