The Cheesecake Factory (CAKE)

Total asset 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
Total assets	US$ in thousands	3,041,760	2,935,790	2,879,590	2,837,640	2,840,380	2,776,890	2,769,710	2,742,490	2,775,220	2,734,070	2,772,430	2,753,740	2,798,120	2,717,720	2,722,290	2,735,440	2,747,050	2,828,060	2,867,280	2,675,780
Total asset turnover		1.18	1.21	1.22	1.22	1.21	1.24	1.23	1.23	1.19	1.17	1.14	1.12	1.05	1.00	0.91	0.73	0.72	0.75	0.76	0.93

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,581,699K ÷ $3,041,760K
= 1.18

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. A higher total asset turnover indicates that the company is utilizing its assets effectively to generate sales.

Based on the data provided for The Cheesecake Factory, we observe a fluctuating trend in the total asset turnover ratio over the past several quarters. The ratio has been relatively low, ranging from 0.72 to 1.24.

From March 31, 2020, to December 31, 2022, the total asset turnover ratio showed a gradual increasing trend, indicating improved efficiency in utilizing assets to generate sales revenue. However, from March 31, 2023, to December 31, 2024, the ratio fluctuated around 1.20 without showing a clear trend.

Overall, The Cheesecake Factory's total asset turnover has shown variability over the analyzed period, suggesting fluctuations in the company's effectiveness in generating sales revenue from its total assets. Further analysis and consideration of other financial metrics would be necessary to fully evaluate the company's operational performance and asset utilization efficiency.