The Cheesecake Factory (CAKE)
Fixed asset turnover
| Jan 31, 2025 | Dec 31, 2024 | Jan 31, 2024 | Dec 31, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,581,700 | 3,581,700 | 3,439,500 | 3,439,500 | 3,303,160 |
| Property, plant and equipment | US$ in thousands | — | 840,773 | — | 791,093 | 2,015,040 |
| Fixed asset turnover | — | 4.26 | — | 4.35 | 1.64 |
January 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,581,700K ÷ $—K
= —
The fixed asset turnover ratio for The Cheesecake Factory has shown fluctuations over the past few years. As of January 31, 2023, the ratio stood at 1.64, indicating that the company generated $1.64 in sales for every $1 of fixed assets. This number increased significantly to 4.35 by the end of December 31, 2023, suggesting a more efficient utilization of fixed assets to generate revenue.
There is missing data reported for the fixed asset turnover ratio for January 31, 2024 and January 31, 2025, as denoted by "—". However, the ratio for December 31, 2024, remained high at 4.26, similar to the level observed at the end of 2023.
Overall, the trend in fixed asset turnover indicates an improvement in efficiency in generating sales from fixed assets in recent years, with a notable spike at the end of 2023. It is important for the company to continue monitoring and optimizing its use of fixed assets to sustain or improve this efficiency in the future.
Peer comparison
Jan 31, 2025