{
  "docId": "019dd923-622c-750b-8b99-4b92274d3e76",
  "docSlug": "0a0319cd79cc",
  "documentTitle": "FIGS, Inc. (FIGS)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-09-07 00:00:00",
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  "pageNumber": 85,
  "pageCount": 113,
  "prevPage": 84,
  "nextPage": 86,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 39,
  "notes": "The slide uses a red flag icon to draw attention to the negative performance metric of the target company.",
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  "metadataConfidence": 1,
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  "slideHref": "/slides/019dd923-622c-750b-8b99-4b92274d3e76/85",
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  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-4b92274d3e76#slide-85",
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      "kind": "callout",
      "text": "FIGS' days inventory outstanding (DIOs) are high on an absolute basis compared with its DTC peers, and also grew above industry average over the prior year.",
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      "subkind": "primary",
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    {
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      "kind": "metric",
      "text": "Days Inventory Outstanding: 324",
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      "kind": "source-note",
      "text": "Source: Canalyst. Note: DIOs = (Ending Quarterly Inventory / Ending Quarterly COGS) * (days in quarter)",
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      "kind": "table",
      "text": "Recent Quarterly Days Inventory Outstanding Among DTC Peers",
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      "componentId": "dc4d0fc7-205e-4846-830d-575893fbcf71",
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      "kind": "title",
      "text": "FIGS DIOs Are Large And Growing Faster Than Peers",
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  "metrics": [],
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      "evidence": "The slide compares the target company's DIO against a list of industry peers to highlight underperformance.",
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