Bloomin Brands Inc (BLMN)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	4,679,310	4,580,330	4,556,330	4,529,720	4,426,460	4,378,390	4,333,920	4,286,530	4,131,506	3,894,401	3,652,333	3,150,732	3,162,916	3,372,591	3,568,503	4,011,874	4,139,784	4,130,714	4,128,191	4,138,071
Property, plant and equipment	US$ in thousands	1,031,920	1,020,800	965,941	927,316	914,142	872,163	848,373	838,065	842,012	849,756	853,574	862,844	887,687	900,883	930,032	996,091	1,036,080	1,050,000	1,058,940	1,079,490
Fixed asset turnover		4.53	4.49	4.72	4.88	4.84	5.02	5.11	5.11	4.91	4.58	4.28	3.65	3.56	3.74	3.84	4.03	4.00	3.93	3.90	3.83

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,679,310K ÷ $1,031,920K
= 4.53

Bloomin Brands Inc's fixed asset turnover ratio has shown a fluctuating trend over the last eight quarters. The ratio measures the company's ability to generate sales revenue from its investment in fixed assets.

The fixed asset turnover ratio was highest in Q1 2022 at 5.08, indicating that the company generated $5.08 in sales for every dollar invested in fixed assets during that quarter. However, the ratio has slightly decreased since then, reaching its lowest point in Q3 2023 at 4.48.

Overall, Bloomin Brands Inc's fixed asset turnover ratio has remained relatively stable between 4.48 and 5.08 over the past two years. This suggests that the company has been efficient in utilizing its fixed assets to generate sales revenue, although there may be room for further improvement to increase the efficiency of asset utilization.