Bloomin Brands Inc (BLMN)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,679,300 | 4,426,470 | 4,132,030 | 3,165,540 | 4,144,570 |
| Property, plant and equipment | US$ in thousands | 1,031,920 | 914,142 | 842,012 | 887,687 | 1,036,080 |
| Fixed asset turnover | 4.53 | 4.84 | 4.91 | 3.57 | 4.00 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,679,300K ÷ $1,031,920K
= 4.53
Bloomin Brands Inc's fixed asset turnover has displayed some fluctuations over the past five years. The ratio has ranged from 3.57 to 4.90 during this period.
The fixed asset turnover of 4.90 in 2021 indicates that the company generated $4.90 in revenue for every dollar invested in fixed assets. This suggests efficient utilization of fixed assets to generate sales.
However, the ratio decreased to 3.57 in 2020, indicating a decline in the company's ability to generate revenue from its fixed assets efficiently. This could be a cause for concern as it may suggest underutilization or inefficiency in managing fixed assets during that period.
Overall, the trend in Bloomin Brands Inc's fixed asset turnover ratio shows some variability, and further analysis would be needed to understand the reasons behind these fluctuations and to assess the company's overall asset management efficiency.
Peer comparison
Dec 31, 2023