The Cheesecake Factory (CAKE)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 108,566 | 85,304 | 64,069 | 44,540 | 38,935 | 55,037 | 88,619 | 101,795 | 82,318 | 42,528 | -23,707 | -148,535 | -347,437 | -302,239 | -240,417 | -116,608 | 103,598 | 116,570 | 123,101 | 117,545 |
| Total assets | US$ in thousands | 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 | 2,840,590 | 2,381,770 | 2,073,790 | 2,076,080 |
| Operating ROA | 3.82% | 3.07% | 2.31% | 1.62% | 1.40% | 2.01% | 3.20% | 3.70% | 2.94% | 1.56% | -0.87% | -5.43% | -12.65% | -10.69% | -8.38% | -4.36% | 3.65% | 4.89% | 5.94% | 5.66% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $108,566K ÷ $2,840,380K
= 3.82%
The operating return on assets (operating ROA) for The Cheesecake Factory has shown fluctuations over the past 20 quarters. The trend indicates that the company's ability to generate operating income from its assets has varied significantly.
The operating ROA ranged from -12.65% to a high of 5.94% during this period. The highest operating ROA was observed in the second quarter of 2019, while the lowest was recorded in the first quarter of 2021.
Overall, the operating ROA has generally been positive, with a few quarters experiencing negative values. It is noteworthy that there was a significant improvement in operating ROA in recent quarters compared to the negative values seen in 2021. This improvement may suggest better operational efficiency, cost management, or revenue generation for the company.
Investors and analysts may want to further investigate the factors contributing to these fluctuations in operating ROA to gain a deeper understanding of The Cheesecake Factory's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2023