CAVA Group, Inc. (CAVA)

Days of sales outstanding (DSO)

		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
Receivables turnover		65.12	74.15	69.20	60.86	66.88	61.31	53.69	54.32	52.81	72.93	71.28
DSO	days	5.60	4.92	5.27	6.00	5.46	5.95	6.80	6.72	6.91	5.00	5.12

March 31, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 65.12
= 5.60

The days of sales outstanding (DSO) for CAVA Group, Inc. over the analyzed periods demonstrate a relatively stable and low collection period, indicative of efficient receivables management. Starting from September 30, 2022, with a DSO of approximately 5.12 days, the figure slightly decreased to 5.00 days by December 31, 2022. This minimal change suggests consistent collection cycles during that interval.

Subsequently, the DSO experienced a modest increase, reaching approximately 6.91 days by March 31, 2023, and remaining elevated at around 6.72 days by June 30, 2023. The increase during this interval may reflect temporary changes in credit policies, customer payment behaviors, or operational factors influencing receivables collection. However, the figure remained within a narrow band, indicating that receivables turnover was still generally efficient.

In the following quarters, the DSO showed some variability: it slightly increased to approximately 6.80 days on September 30, 2023, before decreasing to about 5.95 days at the end of 2023. Moving into 2024, the DSO decreased further, reaching approximately 5.46 days by March 31, 2024, and then slightly increased to around 6.00 days by June 30, 2024. The subsequent periods reflect a slight contraction and expansion in collection periods, remaining within a range of approximately 4.92 to 6.00 days.

Most recently, for the quarters ending on September 30, 2024, and December 31, 2024, the DSO settled at approximately 5.27 and 4.92 days, respectively, signaling a return to shorter collection periods. The latest available data point, March 31, 2025, indicates a DSO of approximately 5.60 days, suggesting a minor uptick but still consistent with the historically low and efficient receivables turnover.

Overall, the DSO figures from 2022 through early 2025 highlight CAVA Group, Inc.'s ability to maintain a short and stable receivables collection cycle. The fluctuations observed are minor and within a narrow range, implying effective credit and collections policies that facilitate prompt customer payments and sustain liquidity.