Nathan's Famous (Nathan's Famous) Days Inventory : 3.59 (As of Dec. 2023)

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What is Nathan's Famous Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nathan's Famous's Average Total Inventories for the three months ended in Dec. 2023 was $0.7 Mil. Nathan's Famous's Cost of Goods Sold for the three months ended in Dec. 2023 was $18.8 Mil. Hence, Nathan's Famous's Days Inventory for the three months ended in Dec. 2023 was 3.59.

The historical rank and industry rank for Nathan's Famous's Days Inventory or its related term are showing as below:

NATH' s Days Inventory Range Over the Past 10 Years
Min: 2.39 Med: 3.58 Max: 6.47
Current: 2.54

During the past 13 years, Nathan's Famous's highest Days Inventory was 6.47. The lowest was 2.39. And the median was 3.58.

NATH's Days Inventory is ranked better than
94.36% of 337 companies
in the Restaurants industry
Industry Median: 15.46 vs NATH: 2.54

Nathan's Famous's Days Inventory increased from Dec. 2022 (3.05) to Dec. 2023 (3.59). It might indicate that Nathan's Famous's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nathan's Famous's Inventory Turnover for the three months ended in Dec. 2023 was 25.45.

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. Nathan's Famous's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.

Nathan's Famous Days Inventory Historical Data

The historical data trend for Nathan's Famous'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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Nathan's Famous Days Inventory Chart

Nathan's Famous Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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2.85

2.77

4.93

2.95

2.39

Nathan's Famous 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															3.05	2.17	2.27	2.95	3.59

Competitive Comparison of Nathan's Famous's Days Inventory

For the Restaurants subindustry, Nathan's Famous'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.

Nathan's Famous's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Nathan's Famous's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nathan's Famous's Days Inventory falls into.

Nathan's Famous Days Inventory Calculation

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

Nathan's Famous's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.522	+	0.539)	/	2 )	/	81.144	*	365
=	0.5305					/	81.144	*	365
=	2.39

Nathan's Famous'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
=	( (0.921	+	0.554)	/	2 )	/	18.768	*	365 / 4
=	0.7375					/	18.768	*	365 / 4
=	3.59

Nathan's Famous (NAS:NATH) 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.

Nathan's Famous's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.768	/	0.7375
	=	25.45

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.

Nathan's Famous's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7375	/	28.89
	=	0.03

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.

Nathan's Famous Days Inventory Related Terms

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

Nathan's Famous (Nathan's Famous) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Nathan's Famous Inc (NAS:NATH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NFA:Germany

Address

One Jericho Plaza, Second Floor - Wing A, Jericho, NY, USA, 11753

Website

https://www.nathansfamous.com

Nathan's Famous Inc is an owner of fast food franchises in the United States. The company's reportable segment includes the Branded Product Program, Product licensing, Restaurant operations and Corporate. Branded Product Program derives revenue principally from the sale of hot dog products either directly to foodservice operators or to various foodservice distributors who resell the products to foodservice operators. It generates maximum revenue from the Branded Product Program segment. Geographically, it derives a majority of revenue from the United States.

Executives

Brian S Genson	director
Joanne Podell	director	ONE JERICHO PLAZA, JERICHO NY 11753
Robert E Steinberg	officer: VP Finance, CFO, Treasurer	NATHAN'S FAMOUS INC., ONE JERICHO PLAZA, JERICHO NY 11753
Andrew M Levine	director	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Ronald G Devos	officer: VP-Fin, CFO and Secy
James Robert Walker	officer: SVP, Restaurants	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Robert J Eide	director	70 EAST SUNRISE HIGHWAY STE 415, VALLEY STREAM NY 11581
Randy Watts	officer: VP - Franchise Operations	1400 OLD COUNTRY ROAD, SUITE 400, WESTBURY NY 11590
Leigh Platte	officer: Vice President, Food Service	C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Scott F. Harvey	officer: Executive Vice President	ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Donald P Schedler	officer: Vice President
Barry Leistner	director
Wayne Norbitz	director, officer: President
Donald L Perlyn	director, officer: Executive Vice President
Howard M Lorber	director, 10 percent owner, officer: Executive Chairman	4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137