Bloomin Brands Inc (BLMN)

Total 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
Total assets	US$ in thousands	3,424,080	3,350,910	3,273,130	3,231,790	3,320,420	3,219,200	3,230,000	3,203,360	3,294,270	3,218,600	3,246,750	3,285,320	3,362,110	3,367,600	3,433,580	3,766,600	3,592,680	3,468,950	3,511,730	3,552,550
Total asset turnover		1.37	1.37	1.39	1.40	1.33	1.36	1.34	1.34	1.25	1.21	1.12	0.96	0.94	1.00	1.04	1.07	1.15	1.19	1.18	1.16

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,679,310K ÷ $3,424,080K
= 1.37

The total asset turnover ratio for Bloomin Brands Inc ranged from 1.33 to 1.40 over the past eight quarters. This indicates that, on average, the company generated between $1.33 to $1.40 in revenue for every dollar of assets held during the respective quarters. The consistency in the range of the total asset turnover ratio suggests that Bloomin Brands Inc is effectively utilizing its assets to generate sales. A higher total asset turnover ratio typically indicates better asset utilization and operational efficiency, as the company is generating more revenue per dollar of assets. Overall, the stable and relatively high total asset turnover ratio of Bloomin Brands Inc indicates efficient management of its asset base to drive revenue growth.