First Retained Earnings vs Current Deferred Revenue Analysis

FWRG Stock

USD 18.93 0.31 1.61%

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 Current Deferred Revenue 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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Retained Earnings vs Current Deferred Revenue

Retained Earnings vs Current Deferred Revenue 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 Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between First Watch's Retained Earnings and Current Deferred Revenue is 0.92. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Current Deferred Revenue 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 Current Deferred Revenue 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 Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Retained Earnings i.e., First Watch's Retained Earnings and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

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.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, First Watch's Enterprise Value Over EBITDA is most likely to decrease significantly in the upcoming years. The First Watch's current Enterprise Value Multiple is estimated to increase to 23.57, while Issuance Of Capital Stock is projected to decrease to 0.00.

	2021	2022	2023	2024 (projected)
Gross Profit	127.5M	139.5M	190.1M	118.4M
Total Revenue	601.2M	730.2M	891.6M	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		0.68	0.99	0.71	-0.96	0.78	1.0	0.95	-0.91	0.45	0.86	1.0	0.96	0.84	0.86	0.95	0.85	0.98	0.94	0.93	-0.93	0.88	0.96	0.88	-0.9	0.98
Other Current Liab	0.68		0.71	0.9	-0.49	0.84	0.65	0.43	-0.39	0.43	0.64	0.67	0.47	0.87	0.64	0.57	0.61	0.53	0.44	0.83	-0.38	0.8	0.48	0.73	-0.41	0.58
Total Current Liabilities	0.99	0.71		0.77	-0.96	0.82	0.99	0.92	-0.92	0.55	0.91	0.99	0.95	0.83	0.91	0.94	0.82	0.96	0.91	0.96	-0.91	0.92	0.92	0.92	-0.88	0.98
Total Stockholder Equity	0.71	0.9	0.77		-0.6	0.97	0.68	0.46	-0.57	0.72	0.83	0.69	0.54	0.81	0.83	0.62	0.61	0.59	0.44	0.9	-0.47	0.94	0.48	0.88	-0.52	0.67
Other Liab	-0.96	-0.49	-0.96	-0.6		-0.69	-0.97	-0.96	0.99	-0.49	-0.89	-0.96	-0.98	-0.72	-0.89	-0.91	-0.78	-0.97	-0.95	-0.86	0.96	-0.83	-0.95	-0.87	0.92	-0.98
Net Tangible Assets	0.78	0.84	0.82	0.97	-0.69		0.74	0.55	-0.66	0.75	0.86	0.76	0.64	0.82	0.86	0.7	0.75	0.7	0.53	0.91	-0.58	0.96	0.57	0.9	-0.67	0.75
Property Plant And Equipment Net	1.0	0.65	0.99	0.68	-0.97	0.74		0.96	-0.92	0.43	0.85	1.0	0.97	0.8	0.85	0.96	0.82	0.98	0.96	0.92	-0.94	0.85	0.97	0.86	-0.9	0.98
Net Debt	0.95	0.43	0.92	0.46	-0.96	0.55	0.96		-0.92	0.3	0.74	0.95	0.99	0.66	0.74	0.94	0.78	0.98	1.0	0.78	-0.98	0.7	1.0	0.73	-0.92	0.96
Retained Earnings	-0.91	-0.39	-0.92	-0.57	0.99	-0.66	-0.92	-0.92		-0.53	-0.89	-0.9	-0.95	-0.64	-0.89	-0.87	-0.71	-0.94	-0.9	-0.82	0.95	-0.81	-0.9	-0.86	0.9	-0.96
Accounts Payable	0.45	0.43	0.55	0.72	-0.49	0.75	0.43	0.3	-0.53		0.66	0.43	0.44	0.38	0.66	0.41	0.36	0.44	0.25	0.57	-0.4	0.73	0.27	0.67	-0.45	0.54
Cash	0.86	0.64	0.91	0.83	-0.89	0.86	0.85	0.74	-0.89	0.66		0.84	0.8	0.8	1.0	0.74	0.68	0.81	0.72	0.92	-0.75	0.95	0.74	0.99	-0.75	0.87
Non Current Assets Total	1.0	0.67	0.99	0.69	-0.96	0.76	1.0	0.95	-0.9	0.43	0.84		0.97	0.83	0.84	0.95	0.86	0.98	0.95	0.92	-0.93	0.86	0.97	0.86	-0.91	0.98
Non Currrent Assets Other	0.96	0.47	0.95	0.54	-0.98	0.64	0.97	0.99	-0.95	0.44	0.8	0.97		0.68	0.8	0.95	0.81	0.99	0.98	0.83	-0.99	0.77	0.98	0.79	-0.95	0.98
Other Assets	0.84	0.87	0.83	0.81	-0.72	0.82	0.8	0.66	-0.64	0.38	0.8	0.83	0.68		0.8	0.66	0.83	0.73	0.68	0.87	-0.58	0.84	0.72	0.84	-0.65	0.73
Cash And Short Term Investments	0.86	0.64	0.91	0.83	-0.89	0.86	0.85	0.74	-0.89	0.66	1.0	0.84	0.8	0.8		0.74	0.68	0.81	0.72	0.92	-0.75	0.95	0.74	0.99	-0.75	0.87
Net Receivables	0.95	0.57	0.94	0.62	-0.91	0.7	0.96	0.94	-0.87	0.41	0.74	0.95	0.95	0.66	0.74		0.78	0.96	0.93	0.87	-0.95	0.79	0.93	0.75	-0.9	0.96
Good Will	0.85	0.61	0.82	0.61	-0.78	0.75	0.82	0.78	-0.71	0.36	0.68	0.86	0.81	0.83	0.68	0.78		0.87	0.8	0.76	-0.74	0.73	0.82	0.7	-0.9	0.79
Common Stock Shares Outstanding	0.98	0.53	0.96	0.59	-0.97	0.7	0.98	0.98	-0.94	0.44	0.81	0.98	0.99	0.73	0.81	0.96	0.87		0.97	0.86	-0.97	0.8	0.98	0.81	-0.97	0.98
Non Current Liabilities Total	0.94	0.44	0.91	0.44	-0.95	0.53	0.96	1.0	-0.9	0.25	0.72	0.95	0.98	0.68	0.72	0.93	0.8	0.97		0.77	-0.97	0.68	1.0	0.71	-0.91	0.94
Inventory	0.93	0.83	0.96	0.9	-0.86	0.91	0.92	0.78	-0.82	0.57	0.92	0.92	0.83	0.87	0.92	0.87	0.76	0.86	0.77		-0.78	0.97	0.8	0.95	-0.76	0.9
Other Current Assets	-0.93	-0.38	-0.91	-0.47	0.96	-0.58	-0.94	-0.98	0.95	-0.4	-0.75	-0.93	-0.99	-0.58	-0.75	-0.95	-0.74	-0.97	-0.97	-0.78		-0.72	-0.96	-0.73	0.93	-0.97
Other Stockholder Equity	0.88	0.8	0.92	0.94	-0.83	0.96	0.85	0.7	-0.81	0.73	0.95	0.86	0.77	0.84	0.95	0.79	0.73	0.8	0.68	0.97	-0.72		0.71	0.98	-0.73	0.86
Total Liab	0.96	0.48	0.92	0.48	-0.95	0.57	0.97	1.0	-0.9	0.27	0.74	0.97	0.98	0.72	0.74	0.93	0.82	0.98	1.0	0.8	-0.96	0.71		0.73	-0.92	0.95
Total Current Assets	0.88	0.73	0.92	0.88	-0.87	0.9	0.86	0.73	-0.86	0.67	0.99	0.86	0.79	0.84	0.99	0.75	0.7	0.81	0.71	0.95	-0.73	0.98	0.73		-0.74	0.87
Intangible Assets	-0.9	-0.41	-0.88	-0.52	0.92	-0.67	-0.9	-0.92	0.9	-0.45	-0.75	-0.91	-0.95	-0.65	-0.75	-0.9	-0.9	-0.97	-0.91	-0.76	0.93	-0.73	-0.92	-0.74		-0.92
Common Stock	0.98	0.58	0.98	0.67	-0.98	0.75	0.98	0.96	-0.96	0.54	0.87	0.98	0.98	0.73	0.87	0.96	0.79	0.98	0.94	0.9	-0.97	0.86	0.95	0.87	-0.92

Click cells to compare fundamentals

First Watch Account Relationship Matchups

First Watch fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	982.1M	1.0B	1.0B	1.1B	1.3B	1.1B
Other Current Liab	30.4M	24.3M	37.1M	40.6M	57.3M	40.5M
Total Current Liabilities	73.0M	76.5M	96.5M	100.0M	115.1M	91.3M
Total Stockholder Equity	329.8M	320.9M	504.4M	523.1M	561.3M	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	466.8M	468.3M	489.7M	547.5M	683.1M	509.7M
Net Debt	565.3M	599.1M	422.1M	457.7M	557.3M	474.0M
Retained Earnings	(53.3M)	(102.9M)	(105.0M)	(98.1M)	(72.7M)	(76.4M)
Accounts Payable	5.1M	4.2M	11.1M	7.6M	6.3M	7.3M
Cash	11.1M	38.8M	51.9M	49.7M	49.6M	39.9M
Non Current Assets Total	957.8M	958.5M	979.2M	1.0B	1.2B	1.1B
Non Currrent Assets Other	1.2M	1.3M	1.3M	(15.9M)	1.7M	1.8M
Other Assets	1.2M	1.3M	1.3M	1.3M	1.5M	1.4M
Cash And Short Term Investments	11.1M	38.8M	51.9M	49.7M	49.6M	39.9M
Net Receivables	5.7M	3.9M	4.5M	6.2M	5.5M	5.1M
Non Current Liabilities Total	579.3M	610.1M	446.0M	481.3M	590.7M	530.9M
Inventory	2.7M	2.9M	4.0M	5.0M	5.4M	4.1M
Other Current Assets	253K	621K	1.4M	373K	2.4M	1.9M
Other Stockholder Equity	382.6M	423.3M	608.9M	620.7M	634.1M	559.5M
Total Liab	652.3M	686.6M	542.5M	581.3M	705.8M	634.0M
Total Current Assets	24.2M	49.0M	67.7M	67.3M	71.2M	56.6M
Intangible Assets	144.6M	143.7M	143M	143.2M	151.2M	120.5M
Property Plant Equipment	466.8M	468.3M	489.7M	547.5M	629.6M	461.4M

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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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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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running First Watch's price analysis, check to measure First Watch's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Watch is operating at the current time. Most of First Watch's value examination focuses on studying past and present price action to predict the probability of First Watch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Watch's price. Additionally, you may evaluate how the addition of First Watch to your portfolios can decrease your overall portfolio volatility.

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Is First Watch's industry 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

(0.20)

Earnings Share

0.38

Revenue Per Share

15.448

Quarterly Revenue Growth

0.147

Return On Assets

0.0226

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 Current Deferred Revenue Analysis

Retained Earnings vs Current Deferred Revenue

Retained Earnings vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Retained Earnings

Current Deferred Revenue

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

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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
Total Liab	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash

Other Current Assets	- 0.99	Non Currrent Assets Other
Other Current Assets	- 0.98	Net Debt
Common Stock	- 0.98	Other Liab
Non Currrent Assets Other	- 0.98	Other Liab
Common Stock	- 0.97	Other Current Assets
Other Current Assets	- 0.97	Non Current Liabilities Total