CAVA Group, Inc. (CAVA)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	963,713	728,700	564,119	500,072	931,800
Receivables	US$ in thousands	12,996	11,885	7,735	6,060	400
Receivables turnover		74.15	61.31	72.93	82.52	2,329.50

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $963,713K ÷ $12,996K
= 74.15

The receivables turnover ratio for CAVA Group, Inc. has exhibited significant fluctuations over the analyzed period from December 31, 2020, to December 31, 2024. In 2020, the ratio was markedly high at 2,329.50, indicating a very rapid collection of accounts receivable during that year, which may have been influenced by specific operational or accounting factors. By the end of 2021, the ratio experienced a dramatic decline to 82.52, representing a substantial reduction in the efficiency of receivables collection relative to the previous period. The downward trend continued into 2022, with the ratio decreasing further to 72.93, and persisted into 2023 at 61.31, suggesting that the company's receivables are being collected more slowly compared to earlier years. Contrarily, in 2024, the ratio slightly increased to 74.15, indicating a marginal improvement in receivables collection efficiency compared to 2023. Overall, the pattern suggests a considerable shift from an extremely high receivables turnover in 2020 to a more moderate and relatively stable but lower level in subsequent years, reflecting changes in the company's credit policy, customer payment behavior, or accounting practices.