First Retained Earnings vs Net Working Capital Analysis

FWRG Stock

USD 20.61 0.11 0.54%

First Watch financial indicator trend analysis is much more than just examining First Watch Restaurant latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Watch Restaurant is a good investment. Please check the relationship between First Watch Retained Earnings and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Watch Restaurant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Retained Earnings vs Net Working Capital

Retained Earnings vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Watch Restaurant Retained Earnings account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.

The correlation between First Watch's Retained Earnings and Net Working Capital is -0.75. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of First Watch Restaurant, assuming nothing else is changed. The correlation between historical values of First Watch's Retained Earnings and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of First Watch Restaurant are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Retained Earnings i.e., First Watch's Retained Earnings and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.75

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Working Capital

Most indicators from First Watch's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Watch Restaurant current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Watch Restaurant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, First Watch's Tax Provision is most likely to increase significantly in the upcoming years. The First Watch's current Sales General And Administrative To Revenue is estimated to increase to 0.13, while Selling General Administrative is projected to decrease to roughly 73 M.

	2022	2023	2024	2025 (projected)
Gross Profit	139.5M	190.1M	218.6M	118.4M
Total Revenue	730.2M	891.6M	1.0B	614.4M

Gross Profit Total Revenue

First Watch fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock
Total Assets		0.37	0.99	0.82	-0.92	0.81	1.0	0.94	-0.82	0.47	0.89	1.0	0.92	0.85	0.89	0.94	0.88	0.98	0.94	0.96	-0.07	0.92	0.96	0.91	-0.88	0.97
Other Current Liab	0.37		0.31	0.49	-0.06	0.43	0.31	0.16	0.15	-0.02	0.17	0.38	0.11	0.54	0.17	0.26	0.65	0.31	0.23	0.4	0.44	0.36	0.27	0.26	-0.26	0.17
Total Current Liabilities	0.99	0.31		0.84	-0.93	0.85	0.99	0.92	-0.85	0.55	0.93	0.99	0.92	0.83	0.93	0.94	0.84	0.97	0.92	0.97	-0.06	0.94	0.94	0.94	-0.88	0.98
Total Stockholder Equity	0.82	0.49	0.84		-0.63	0.93	0.78	0.57	-0.53	0.66	0.86	0.81	0.59	0.83	0.86	0.7	0.8	0.73	0.59	0.94	0.44	0.96	0.63	0.91	-0.59	0.74
Other Liab	-0.92	-0.06	-0.93	-0.63		-0.72	-0.94	-0.96	0.97	-0.52	-0.89	-0.92	-0.98	-0.72	-0.89	-0.91	-0.7	-0.95	-0.95	-0.84	0.33	-0.82	-0.94	-0.86	0.93	-0.98
Net Tangible Assets	0.81	0.43	0.85	0.93	-0.72		0.78	0.62	-0.65	0.75	0.88	0.79	0.68	0.79	0.88	0.75	0.73	0.76	0.61	0.91	0.25	0.95	0.65	0.91	-0.72	0.79
Property Plant And Equipment Net	1.0	0.31	0.99	0.78	-0.94	0.78		0.96	-0.86	0.46	0.88	1.0	0.95	0.8	0.88	0.96	0.84	0.98	0.96	0.94	-0.15	0.89	0.98	0.9	-0.89	0.98
Net Debt	0.94	0.16	0.92	0.57	-0.96	0.62	0.96		-0.9	0.35	0.79	0.94	0.98	0.69	0.79	0.95	0.74	0.97	1.0	0.81	-0.41	0.75	0.99	0.77	-0.93	0.96
Retained Earnings	-0.82	0.15	-0.85	-0.53	0.97	-0.65	-0.86	-0.9		-0.54	-0.86	-0.82	-0.94	-0.59	-0.86	-0.84	-0.54	-0.86	-0.87	-0.75	0.41	-0.74	-0.86	-0.81	0.88	-0.93
Accounts Payable	0.47	-0.02	0.55	0.66	-0.52	0.75	0.46	0.35	-0.54		0.66	0.45	0.46	0.49	0.66	0.45	0.36	0.46	0.3	0.56	0.14	0.69	0.32	0.66	-0.48	0.56
Cash	0.89	0.17	0.93	0.86	-0.89	0.88	0.88	0.79	-0.86	0.66		0.88	0.81	0.83	1.0	0.79	0.74	0.86	0.78	0.93	0.11	0.95	0.8	0.99	-0.78	0.89
Non Current Assets Total	1.0	0.38	0.99	0.81	-0.92	0.79	1.0	0.94	-0.82	0.45	0.88		0.92	0.84	0.88	0.95	0.88	0.98	0.95	0.95	-0.09	0.91	0.97	0.9	-0.89	0.97
Non Currrent Assets Other	0.92	0.11	0.92	0.59	-0.98	0.68	0.95	0.98	-0.94	0.46	0.81	0.92		0.67	0.81	0.95	0.7	0.96	0.97	0.81	-0.43	0.77	0.96	0.79	-0.95	0.98
Other Assets	0.85	0.54	0.83	0.83	-0.72	0.79	0.8	0.69	-0.59	0.49	0.83	0.84	0.67		0.83	0.7	0.96	0.84	0.72	0.84	0.22	0.86	0.76	0.85	-0.77	0.76
Cash And Short Term Investments	0.89	0.17	0.93	0.86	-0.89	0.88	0.88	0.79	-0.86	0.66	1.0	0.88	0.81	0.83		0.79	0.74	0.86	0.78	0.93	0.11	0.95	0.8	0.99	-0.78	0.89
Net Receivables	0.94	0.26	0.94	0.7	-0.91	0.75	0.96	0.95	-0.84	0.45	0.79	0.95	0.95	0.7	0.79		0.76	0.96	0.94	0.89	-0.31	0.83	0.94	0.8	-0.91	0.97
Good Will	0.88	0.65	0.84	0.8	-0.7	0.73	0.84	0.74	-0.54	0.36	0.74	0.88	0.7	0.96	0.74	0.76		0.87	0.78	0.84	0.15	0.82	0.82	0.78	-0.78	0.77
Common Stock Shares Outstanding	0.98	0.31	0.97	0.73	-0.95	0.76	0.98	0.97	-0.86	0.46	0.86	0.98	0.96	0.84	0.86	0.96	0.87		0.97	0.9	-0.23	0.86	0.98	0.86	-0.95	0.98
Non Current Liabilities Total	0.94	0.23	0.92	0.59	-0.95	0.61	0.96	1.0	-0.87	0.3	0.78	0.95	0.97	0.72	0.78	0.94	0.78	0.97		0.82	-0.36	0.75	1.0	0.77	-0.92	0.95
Inventory	0.96	0.4	0.97	0.94	-0.84	0.91	0.94	0.81	-0.75	0.56	0.93	0.95	0.81	0.84	0.93	0.89	0.84	0.9	0.82		0.14	0.98	0.85	0.96	-0.78	0.91
Other Current Assets	-0.07	0.44	-0.06	0.44	0.33	0.25	-0.15	-0.41	0.41	0.14	0.11	-0.09	-0.43	0.22	0.11	-0.31	0.15	-0.23	-0.36	0.14		0.22	-0.3	0.18	0.39	-0.25
Other Stockholder Equity	0.92	0.36	0.94	0.96	-0.82	0.95	0.89	0.75	-0.74	0.69	0.95	0.91	0.77	0.86	0.95	0.83	0.82	0.86	0.75	0.98	0.22		0.79	0.98	-0.76	0.88
Total Liab	0.96	0.27	0.94	0.63	-0.94	0.65	0.98	0.99	-0.86	0.32	0.8	0.97	0.96	0.76	0.8	0.94	0.82	0.98	1.0	0.85	-0.3	0.79		0.8	-0.92	0.96
Total Current Assets	0.91	0.26	0.94	0.91	-0.86	0.91	0.9	0.77	-0.81	0.66	0.99	0.9	0.79	0.85	0.99	0.8	0.78	0.86	0.77	0.96	0.18	0.98	0.8		-0.76	0.89
Intangible Assets	-0.88	-0.26	-0.88	-0.59	0.93	-0.72	-0.89	-0.93	0.88	-0.48	-0.78	-0.89	-0.95	-0.77	-0.78	-0.91	-0.78	-0.95	-0.92	-0.78	0.39	-0.76	-0.92	-0.76		-0.93
Common Stock	0.97	0.17	0.98	0.74	-0.98	0.79	0.98	0.96	-0.93	0.56	0.89	0.97	0.98	0.76	0.89	0.97	0.77	0.98	0.95	0.91	-0.25	0.88	0.96	0.89	-0.93

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First Watch Account Relationship Matchups

First Watch fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.0B	1.0B	1.1B	1.3B	1.5B	1.1B
Other Current Liab	10.9M	11.9M	18.0M	50.3M	57.8M	60.7M
Total Current Liabilities	76.5M	96.5M	100.0M	115.1M	132.3M	91.3M
Total Stockholder Equity	320.9M	504.4M	523.1M	561.3M	645.5M	479.2M
Other Liab	33.2M	15.9M	15.7M	20.6M	18.5M	23.2M
Net Tangible Assets	(160.0M)	(168.0M)	16.2M	34.8M	40.0M	42.0M
Property Plant And Equipment Net	468.3M	489.7M	547.5M	683.1M	785.5M	509.7M
Net Debt	599.1M	422.1M	457.7M	557.3M	640.9M	474.0M
Retained Earnings	(102.9M)	(105.0M)	(98.1M)	(72.7M)	(65.5M)	(68.7M)
Accounts Payable	4.2M	11.1M	7.6M	6.3M	7.3M	7.3M
Cash	38.8M	51.9M	49.7M	49.6M	57.1M	39.9M
Non Current Assets Total	958.5M	979.2M	1.0B	1.2B	1.4B	1.1B
Non Currrent Assets Other	1.3M	1.3M	(15.9M)	1.7M	2.0M	2.1M
Other Assets	1.2M	1.3M	1.3M	1.3M	1.5M	1.4M
Cash And Short Term Investments	38.8M	51.9M	49.7M	49.6M	57.1M	39.9M
Net Receivables	3.9M	4.5M	6.2M	5.5M	6.4M	5.1M
Non Current Liabilities Total	610.1M	446.0M	481.3M	590.7M	679.3M	530.9M
Inventory	2.9M	4.0M	5.0M	5.4M	6.2M	4.1M
Other Current Assets	3.4M	7.4M	6.4M	10.6M	12.2M	6.8M
Other Stockholder Equity	423.3M	608.9M	620.7M	634.1M	729.2M	559.5M
Total Liab	686.6M	542.5M	581.3M	705.8M	811.6M	634.0M
Total Current Assets	49.0M	67.7M	67.3M	71.2M	81.9M	56.6M
Intangible Assets	143.7M	143M	143.2M	151.2M	136.1M	120.5M
Property Plant Equipment	466.8M	468.3M	489.7M	547.5M	629.6M	461.4M
Short Long Term Debt Total	637.9M	474.0M	507.4M	607.0M	546.3M	448.4M
Current Deferred Revenue	4.3M	4.7M	5.2M	5.5M	4.9M	4.3M
Long Term Debt	286.4M	99.8M	94.7M	119.8M	107.8M	136.2M
Liabilities And Stockholders Equity	1.0B	1.0B	1.1B	1.3B	1.5B	1.2B
Capital Lease Obligations	347.9M	368.7M	405.0M	481.6M	553.8M	423.8M
Net Invested Capital	610.9M	609.7M	625.4M	686.7M	789.7M	685.5M
Property Plant And Equipment Gross	554.6M	605.3M	693.2M	864.6M	994.2M	713.1M
Short Long Term Debt	3.6M	5.5M	7.6M	5.6M	6.5M	5.6M
Capital Stock	453K	590K	592K	599K	688.9K	590.5K
Non Current Liabilities Other	2.3M	3.2M	3.4M	3.0M	3.4M	3.2M
Net Working Capital	(27.5M)	(28.8M)	(32.7M)	(43.9M)	(50.5M)	(53.0M)
Short Term Debt	43.7M	43.7M	46.6M	45.9M	52.8M	46.3M

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When determining whether First Watch Restaurant is a strong investment it is important to analyze First Watch's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Watch's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:

How To Invest In First

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Is First Stock a good investment?

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What is First Watch's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Watch Restaurant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Watch. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Watch listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.67)

Earnings Share

0.33

Revenue Per Share

16.574

Quarterly Revenue Growth

0.148

Return On Assets

0.0212

The market value of First Watch Restaurant is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Watch's value that differs from its market value or its book value, called intrinsic value, which is First Watch's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Watch's market value can be influenced by many factors that don't directly affect First Watch's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between First Watch's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Watch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Watch's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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First Retained Earnings vs Net Working Capital Analysis

Retained Earnings vs Net Working Capital

Retained Earnings vs Net Working Capital Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Working Capital

First Watch fundamental ratios Correlations

First Watch Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Watch fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Common Stock	- 0.98	Other Liab
Non Currrent Assets Other	- 0.98	Other Liab
Net Debt	- 0.96	Other Liab
Intangible Assets	- 0.95	Common Stock Shares Outstanding
Intangible Assets	- 0.95	Non Currrent Assets Other
Non Current Liabilities Total	- 0.95	Other Liab