The Cheesecake Factory (CAKE)

Working capital turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,573,389	2,589,182	2,542,973	2,509,446	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	2,482,692	2,373,817	2,362,441	2,347,115
Total current assets	US$ in thousands	300,798	272,376	299,171	313,636	345,768	317,738	391,679	367,321	405,589	310,187	328,264	343,815	341,359	411,019	454,605	270,658	244,515	449,141	158,192	157,516
Total current liabilities	US$ in thousands	660,671	618,520	623,452	626,695	656,678	606,168	623,504	594,436	636,273	557,108	597,152	557,957	586,067	540,377	532,672	507,126	614,587	433,786	436,963	446,636
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	154.60	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,573,389K ÷ ($300,798K – $660,671K)
= —

The working capital turnover ratio for The Cheesecake Factory is not available for most of the periods mentioned in the table. However, in the quarter ending March 31, 2019, the ratio was calculated to be 154.60. This indicates that during that period, The Cheesecake Factory efficiently utilized its working capital to generate sales revenue. The working capital turnover ratio measures how effectively a company is using its working capital to generate revenue, with a higher ratio typically indicating better efficiency in this regard.