CAVA Group, Inc. (CAVA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 963,713 | 728,700 | 564,119 | 500,072 | 931,800 |
| Total assets | US$ in thousands | 1,169,670 | 983,757 | 654,435 | 362,832 | 1,739,900 |
| Total asset turnover | 0.82 | 0.74 | 0.86 | 1.38 | 0.54 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $963,713K ÷ $1,169,670K
= 0.82
The total asset turnover ratio of CAVA Group, Inc. has exhibited notable fluctuations over the period from December 31, 2020, through December 31, 2024. At the end of 2020, the ratio was 0.54, indicating a relatively low level of asset efficiency in generating sales revenue. This ratio significantly increased to 1.38 by the end of 2021, suggesting a substantial improvement in asset utilization and operational efficiency.
However, this elevated ratio in 2021 was not maintained, as it declined to 0.86 by the end of 2022, reflecting a decrease in sales generated per dollar of assets. This downward trend persisted into 2023, with the ratio decreasing further to 0.74, indicating a continued decline in asset efficiency. Nonetheless, there was a modest recovery in 2024, with the ratio rising slightly to 0.82.
Overall, the data illustrates that CAVA Group, Inc. experienced a significant enhancement in asset turnover from 2020 to 2021, followed by a period of decline in subsequent years, with a slight rebound observed in 2024. These fluctuations could be indicative of changes in operational strategies, scale of operations, asset base management, or market conditions impacting sales efficiency relative to total assets during this period.
Peer comparison
Dec 31, 2024