CAVA Group, Inc. (CAVA)

Days of inventory on hand (DOH)

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022
Inventory turnover		108.48	99.07	99.07	95.63	101.74	105.69	98.36	96.08	114.24	93.42	92.68
DOH	days	3.36	3.68	3.68	3.82	3.59	3.45	3.71	3.80	3.20	3.91	3.94

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 108.48
= 3.36

The analysis of CAVA Group, Inc.'s days of inventory on hand (DOH) over the specified periods indicates a generally stable inventory management trend with some fluctuations. At the end of September 2022, the DOH stood at approximately 3.94 days, reflecting the duration inventory is held before sale. This figure slightly decreased to 3.91 days by December 31, 2022, suggesting a marginal improvement in inventory turnover at that time.

Between the first quarter of 2023 and mid-2023, there was a noticeable decline in DOH, reaching a low of approximately 3.20 days as of March 31, 2023. This indicates an increase in inventory turnover efficiency, possibly due to enhanced inventory management practices or higher sales velocity relative to inventory levels. However, the DOH increased modestly to 3.80 days by June 30, 2023, suggesting a slight slowing of inventory turnover during this period.

In the following quarter, the DOH decreased again to around 3.71 days as of September 30, 2023, maintaining a relatively stable inventory holding period. Moving into the end of 2023, the DOH further declined to approximately 3.45 days by December 31, 2023, indicating continued efficiency improvements or changes in inventory practices.

In the first quarter of 2024, the DOH rose slightly to approximately 3.59 days, and then increased marginally to about 3.82 days by June 30, 2024. This suggests a slight reduction in inventory turnover efficiency during this period. Subsequently, the DOH stabilized at approximately 3.68 days through September and December 2024, reflecting consistency in inventory management.

By the end of the first quarter of 2025, the DOH was approximately 3.36 days, indicating a slight improvement in inventory turnover relative to earlier periods. Overall, the data depicts a predominantly stable DOH level ranging from approximately 3.20 to 3.94 days, with periods of improvement and modest fluctuation, demonstrating effective inventory management with occasional short-term variations in inventory turnover efficiency.