The Cheesecake Factory (CAKE)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,439,500 | 3,303,160 | 2,927,540 | 1,982,420 | 2,482,090 |
| Total current assets | US$ in thousands | 300,798 | 345,768 | 405,589 | 341,359 | 244,515 |
| Total current liabilities | US$ in thousands | 660,671 | 656,678 | 636,273 | 586,067 | 614,587 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,439,500K ÷ ($300,798K – $660,671K)
= —
The working capital turnover ratio for The Cheesecake Factory is not provided in the table. The working capital turnover ratio is calculated by dividing net sales by average working capital. This ratio measures how efficiently a company is utilizing its working capital to generate sales. A higher ratio indicates that the company is generating more sales from its working capital.
To analyze The Cheesecake Factory's working capital turnover, we would need additional data on the company's net sales and working capital figures for the respective years. Without this information, we are unable to assess the company's efficiency in using its working capital to generate sales.
Peer comparison
Dec 31, 2023