The Cheesecake Factory (CAKE)
Fixed asset turnover
| Jan 31, 2025 | Dec 31, 2024 | Oct 31, 2024 | Sep 30, 2024 | Jul 31, 2024 | Jun 30, 2024 | Apr 30, 2024 | Mar 31, 2024 | Jan 31, 2024 | Dec 31, 2023 | Oct 31, 2023 | Sep 30, 2023 | Jul 31, 2023 | Jun 30, 2023 | Apr 30, 2023 | Mar 31, 2023 | Jan 31, 2023 | Dec 31, 2022 | Oct 31, 2022 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,572,868 | 3,555,947 | 3,539,026 | 3,564,778 | 3,590,530 | 3,563,497 | 3,536,464 | 3,475,451 | 3,414,438 | 3,403,599 | 3,392,760 | 3,428,664 | 3,464,568 | 3,491,200 | 3,517,832 | 3,435,719 | 3,353,606 | 3,293,447 | 3,233,288 | 3,242,997 |
| Property, plant and equipment | US$ in thousands | — | 840,773 | — | 829,393 | — | 810,444 | — | 793,810 | — | 791,093 | 2,085,010 | 777,669 | 2,051,070 | 770,315 | — | 754,895 | 2,015,040 | 746,051 | — | 755,524 |
| Fixed asset turnover | — | 4.23 | — | 4.30 | — | 4.40 | — | 4.38 | — | 4.30 | 1.63 | 4.41 | 1.69 | 4.53 | — | 4.55 | 1.66 | 4.41 | — | 4.29 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,572,868K ÷ $—K
= —
The fixed asset turnover ratio for The Cheesecake Factory shows a varying trend over the periods analyzed. The ratio measures the company's ability to generate sales revenue relative to its investment in fixed assets, indicating how efficiently the company is utilizing its fixed assets to generate sales.
From the data provided, we can see that the fixed asset turnover ratio for The Cheesecake Factory fluctuates across different periods, ranging from a low of 1.63 to a high of 4.55. A higher fixed asset turnover ratio generally indicates better efficiency in utilizing fixed assets to generate sales, as it suggests that the company is generating a high level of sales relative to its investment in fixed assets.
In particular, the ratio peaked at 4.55 on March 31, 2023, and held relatively strong levels around 4.30 in several periods like December 31, 2022, September 30, 2023, December 31, 2023, and September 30, 2024. Conversely, the ratio saw lower levels at 1.63 on October 31, 2023, and 1.66 on January 31, 2023, indicating potential inefficiencies in utilizing fixed assets to generate sales during those periods.
It is worth noting that there are periods where data is missing (indicated by "—"), which may affect the overall trend analysis. It would be important to investigate the reasons behind these missing data points to have a complete understanding of the company's fixed asset turnover performance.
Overall, the analysis suggests that The Cheesecake Factory has shown varying levels of efficiency in utilizing its fixed assets to generate sales over the periods examined, indicating potential opportunities for improvement in managing fixed assets to enhance operational performance and profitability.
Peer comparison
Jan 31, 2025