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.
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. Read FWRG total liabilities for a breakdown of total debt and financial obligations.
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.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Zhejiang Tongli Transmission Technology Co. Ltd. A
SHE:301255
|
N/A |
|
Frontera Energy Corp
TO:FEC
|
0.129x |
|
Jilin Yatai Group Co Ltd
SHG:600881
|
0.038x |
|
Jianmin Pharmaceutical Group Co Ltd
SHG:600976
|
0.039x |
|
Norva24 Group AB
ST:NORVA
|
0.130x |
|
Bravura Solutions Ltd
AU:BVS
|
0.471x |
|
Annil Co Ltd
SHE:002875
|
-0.002x |
|
Beijing SPC Environment Protection Tech Co Ltd
SHE:002573
|
0.049x |
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. For the full company profile with market capitalisation and key ratios, see market value of First Watch Restaurant Group Inc.
| 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.