The Cheesecake Factory (CAKE)

Total 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
Total assets	US$ in thousands	3,041,760	3,041,760	2,935,790	2,935,790	2,879,590	2,879,590	2,837,640	2,837,640	2,840,380	2,840,380	2,769,710	2,776,890	2,769,710	2,769,710	2,742,490	2,742,490	2,775,220	2,775,220	2,734,070	2,734,070
Total asset turnover		1.17	1.17	1.21	1.21	1.25	1.24	1.25	1.22	1.20	1.20	1.22	1.23	1.25	1.26	1.28	1.25	1.21	1.19	1.18	1.19

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,572,868K ÷ $3,041,760K
= 1.17

The total asset turnover ratio for The Cheesecake Factory has been relatively stable over the period from September 30, 2022, to January 31, 2025. The ratio ranged from a low of 1.17 to a high of 1.28, with the average being around 1.21.

This indicates that, on average, The Cheesecake Factory generated $1.21 in revenue for every dollar of assets it possessed during this period. A higher total asset turnover ratio generally indicates that the company is more efficient in generating sales from its assets.

While there were some fluctuations in the ratio over the period, it remained within a relatively tight range, suggesting that the company's asset utilization and efficiency in generating revenue remained consistent. It is important to monitor this ratio over time to assess the company's operational efficiency and performance.