First Watch Restaurant Group Inc (FWRG) - Cash Flow Conversion Efficiency
Based on the latest financial reports, First Watch Restaurant Group Inc (FWRG) has a cash flow conversion efficiency ratio of 0.079x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($47.88 Million) by net assets ($607.31 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see First Watch Restaurant Group Inc stock valuation for the company's overall valuation and market capitalisation.
First Watch Restaurant Group Inc - Cash Flow Conversion Efficiency Trend (2018–2024)
This chart illustrates how First Watch Restaurant Group Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data.
First Watch Restaurant Group Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of First Watch Restaurant Group Inc ranked by their cash flow conversion efficiency. Explore First Watch Restaurant Group Inc cash flow quality index to measure how well operating cash flow supports reported net income.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
SUPER HI INTERNATIONAL HOLDING LTD. American Depositary Shares
NASDAQ:HDL
|
0.087x |
|
Jinxi Axle Co Ltd
SHG:600495
|
-0.015x |
|
Lingyuan Iron & Steel Co Ltd
SHG:600231
|
-0.027x |
|
Cyient DLM Limited
NSE:CYIENTDLM
|
0.012x |
|
Shanghai Golden Union Commercial Management Co Ltd
SHG:603682
|
0.144x |
|
LiJiang YuLong Tourism Co Ltd
SHE:002033
|
0.071x |
|
TSRC Corp
TW:2103
|
-0.015x |
|
Guilin Layn Natural Ingredients Corp
SHE:002166
|
0.017x |
Annual Cash Flow Conversion Efficiency for First Watch Restaurant Group Inc (2018–2024)
The table below shows the annual cash flow conversion efficiency of First Watch Restaurant Group Inc from 2018 to 2024. View FWRG stock price for real-time trading data and today's change.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $595.39 Million | $115.67 Million | 0.194x | +14.38% |
| 2023-12-31 | $561.28 Million | $95.34 Million | 0.170x | +41.19% |
| 2022-12-31 | $523.13 Million | $62.94 Million | 0.120x | -3.63% |
| 2021-12-31 | $504.43 Million | $62.97 Million | 0.125x | +318.12% |
| 2020-12-31 | $320.87 Million | $-18.36 Million | -0.057x | -187.93% |
| 2019-12-31 | $329.80 Million | $21.46 Million | 0.065x | -20.76% |
| 2018-12-31 | $374.67 Million | $30.77 Million | 0.082x | -- |
About First Watch Restaurant Group Inc
First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. The company was founded in 1983 and is based in Bradenton, Florida.