Bloomin Brands Inc (BLMN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,950,480 | 4,671,470 | 4,416,510 | 4,122,380 | 3,170,560 |
| Property, plant and equipment | US$ in thousands | — | — | 2,017,220 | 1,972,880 | 887,687 |
| Fixed asset turnover | — | — | 2.19 | 2.09 | 3.57 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,950,480K ÷ $—K
= —
The fixed asset turnover ratio for Bloomin Brands Inc has exhibited some fluctuations over the years. In December 2020, the ratio stood at 3.57, indicating that the company generated $3.57 in sales for every dollar invested in fixed assets. However, by December 2021, the ratio decreased to 2.09, suggesting a decline in the efficiency of utilizing fixed assets to generate revenue.
In the following year, December 2022, the fixed asset turnover ratio improved slightly to 2.19, indicating a better utilization of fixed assets compared to the previous year. However, the data for December 2023 and December 2024 is unavailable, possibly indicating a lack of financial information for those periods.
Overall, the trend in the fixed asset turnover ratio for Bloomin Brands Inc suggests a need for monitoring and potentially improving the efficiency of utilizing fixed assets to generate sales revenue. The fluctuations highlight the importance of effective asset management and operational efficiency in driving the company's financial performance.
Peer comparison
Dec 31, 2024