The Cheesecake Factory (CAKE)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	3,581,699	3,537,745	3,502,484	3,464,612	3,439,503	3,455,296	3,409,087	3,375,560	3,303,156	3,187,047	3,157,520	3,093,833	2,927,540	2,705,399	2,468,641	1,995,536	1,983,225	2,122,703	2,191,523	2,498,317
Receivables	US$ in thousands	17,417	28,980	24,855	19,838	20,670	23,923	22,739	—	21,522	23,692	39,791	36,893	36,173	39,510	34,655	34,973	36,889	71,868	101,945	72,041
Receivables turnover		205.64	122.08	140.92	174.65	166.40	144.43	149.92	—	153.48	134.52	79.35	83.86	80.93	68.47	71.23	57.06	53.76	29.54	21.50	34.68

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,581,699K ÷ $17,417K
= 205.64

The receivables turnover ratio measures how efficiently a company is collecting cash from its credit sales. A higher ratio indicates that the company is collecting its receivables more quickly.

Analyzing The Cheesecake Factory's receivables turnover over the past few years shows some fluctuations. The ratio ranged from as low as 21.50 in June 2020 to as high as 205.64 in December 2024. The company's ability to collect on receivables improved significantly towards the end of the period.

Overall, the trend indicates that The Cheesecake Factory has been able to manage its receivables effectively, with the ratio generally increasing over time. The sharp peaks and troughs in the ratio may merit further investigation into the company's credit policies, customer base, and collection procedures to ensure consistency and efficiency in managing receivables.