The Cheesecake Factory (CAKE)
Receivables 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 |
| Receivables | US$ in thousands | — | 17,417 | — | 28,980 | — | 24,855 | — | 19,838 | — | 20,670 | — | 23,923 | — | 22,739 | — | — | — | 21,522 | — | 23,692 |
| Receivables turnover | — | 204.17 | — | 123.01 | — | 143.37 | — | 175.19 | — | 164.66 | — | 143.32 | — | 153.53 | — | — | — | 153.03 | — | 136.88 |
January 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,572,868K ÷ $—K
= —
The receivables turnover ratio measures how efficiently a company collects its accounts receivable during a specific period. It is calculated by dividing net credit sales by the average accounts receivable balance for the period.
For The Cheesecake Factory, the receivables turnover ratio fluctuated over the time period provided. In September 2022, the ratio was 136.88, indicating that on average, the company collected its accounts receivable approximately 136.88 times during that period. The ratio then increased to 153.03 in December 2022, suggesting an improvement in the efficiency of receivables collection.
Subsequently, the receivables turnover ratio varied in the following quarters, with notable values in June 2023 (153.53), December 2023 (164.66), March 2024 (175.19), and December 2024 (204.17). These higher ratios imply that The Cheesecake Factory was collecting its receivables at a faster pace during those periods.
However, there were instances where data was not available, indicated by the "—". These missing values make it challenging to assess the company's receivables turnover during those specific periods.
Overall, the trend in The Cheesecake Factory's receivables turnover ratio indicates fluctuations in the efficiency of its accounts receivable collection. Further analysis and comparison with industry benchmarks may provide additional insights into the company's receivables management performance.
Peer comparison
Jan 31, 2025