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. See First Watch Restaurant Group Inc (FWRG) balance sheet quality index to measure how much of total assets are equity-financed.
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. Check cash flow quality index of First Watch Restaurant Group Inc to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
Arrowhead Properties Ltd B
JSE:FTB
|
0.046x |
|
FPT Digital Retail JSC
VN:FRT
|
-0.473x |
|
China CYTS Tours Holding Co Ltd
SHG:600138
|
0.044x |
|
Plato Income Maximiser Ltd
AU:PL8
|
0.027x |
|
Miracll Chemicals Co Ltd
SHE:300848
|
0.054x |
|
Shenzhen JT Automation Equipment Co Ltd
SHE:300400
|
0.062x |
|
Fidus Investment Corp
NASDAQ:FDUS
|
0.018x |
|
Weihai Honglin Electronic Co. Ltd. A
SHE:301439
|
N/A |
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 how much is First Watch Restaurant Group Inc worth.
| 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.