Bloomin Brands Inc (BLMN)
Total 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 |
| Total assets | US$ in thousands | 3,424,080 | 3,320,420 | 3,294,270 | 3,362,110 | 3,592,680 |
| Total asset turnover | 1.37 | 1.33 | 1.25 | 0.94 | 1.15 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,679,300K ÷ $3,424,080K
= 1.37
The total asset turnover ratio of Bloomin Brands Inc has shown a generally increasing trend over the past five years, indicating an improvement in the company's efficiency in generating sales revenue relative to its total assets.
In 2023, the total asset turnover ratio reached 1.36, representing a higher level of efficiency compared to the previous year's ratio of 1.33. This suggests that the company was able to generate $1.36 in sales revenue for every $1 of total assets during the year.
The company's total asset turnover ratio has been fluctuating over the years, with a significant increase from 2020 to 2021, followed by a drop in 2022, before rising again in 2023. Despite the fluctuations, the overall trend indicates a positive trajectory in utilizing its total assets to drive sales.
A high total asset turnover ratio signifies that Bloomin Brands Inc is effectively managing its assets to generate revenue, indicating operational efficiency and potentially favorable financial performance. However, it is essential to consider other aspects of the company's financial health and market conditions to gain a holistic view of its performance and prospects.
Peer comparison
Dec 31, 2023