Dine Brands Global Inc (DIN)

Fixed asset 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	831,101	832,799	863,435	892,814	909,437	931,104	926,603	922,428	896,205	862,567	810,448	686,541	689,225	720,707	761,512	879,880	910,178	896,865	873,559	829,950
Property, plant and equipment	US$ in thousands	161,891	162,055	157,508	158,715	145,277	135,368	175,265	175,515	179,411	175,318	178,571	182,661	187,977	195,105	203,540	211,835	216,420	220,744	222,818	225,396
Fixed asset turnover		5.13	5.14	5.48	5.63	6.26	6.88	5.29	5.26	5.00	4.92	4.54	3.76	3.67	3.69	3.74	4.15	4.21	4.06	3.92	3.68

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $831,101K ÷ $161,891K
= 5.13

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. In the case of Dine Brands Global Inc, the fixed asset turnover ratio fluctuated over the past eight quarters, ranging from 5.13 to 6.88.

The general trend indicates a decline in fixed asset turnover since Q4 2022. This suggests that the company's fixed assets are generating less revenue compared to the previous quarters. However, it is worth noting that the ratio remains relatively high, indicating that Dine Brands Global Inc is efficiently utilizing its fixed assets to generate sales.

The fluctuations in fixed asset turnover may be influenced by various factors, such as changes in sales volume, asset utilization efficiency, or changes in the composition of fixed assets. Further analysis is recommended to understand the specific drivers behind these fluctuations and to assess the company's overall performance in managing its fixed assets effectively.