Bloomin Brands Inc (BLMN)
Total 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 |
| Total assets | US$ in thousands | 3,384,800 | 3,424,080 | 3,320,420 | 3,294,270 | 3,362,110 |
| Total asset turnover | 1.17 | 1.36 | 1.33 | 1.25 | 0.94 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,950,480K ÷ $3,384,800K
= 1.17
The total asset turnover of Bloomin Brands Inc has shown a positive trend over the past five years, increasing from 0.94 in December 31, 2020, to 1.17 in December 31, 2024. This indicates that the company has been able to generate more revenue from its assets over time. The peak value of 1.36 in December 31, 2023, suggests that the company efficiently utilized its assets to generate sales during that period. However, the slight decrease in 2024 compared to 2023 may imply a potential decrease in asset efficiency or a change in the business environment. Overall, the increasing trend in total asset turnover demonstrates Bloomin Brands Inc's ability to effectively leverage its assets to drive revenue growth.
Peer comparison
Dec 31, 2024