Dine Brands Global Inc (DIN)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 831,068 | 909,400 | 896,167 | 689,300 | 910,178 |
| Total assets | US$ in thousands | 1,740,290 | 1,881,490 | 1,999,370 | 2,074,900 | 2,049,500 |
| Total asset turnover | 0.48 | 0.48 | 0.45 | 0.33 | 0.44 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $831,068K ÷ $1,740,290K
= 0.48
Dine Brands Global Inc's total asset turnover has shown some fluctuation over the past five years. The ratio measures the efficiency of the company in generating sales from its total assets.
In 2023 and 2022, the total asset turnover remained stable at 0.48, indicating that the company generated $0.48 in revenue for every dollar invested in total assets. This suggests a consistent level of efficiency in asset utilization during those years.
The ratio decreased slightly to 0.45 in 2021, which may imply a marginal decline in the company's ability to convert its assets into sales compared to the previous two years.
A notable increase in total asset turnover was observed in 2020, with the ratio reaching 0.33. This could suggest either a more significant portion of revenue generated per dollar of assets or a decrease in the average total assets, impacting the ratio positively.
The ratio then rebounded to 0.44 in 2019, indicating a recovery in asset utilization efficiency compared to the previous year. Overall, while there have been fluctuations in Dine Brands Global Inc's total asset turnover over the period, the company has generally shown consistency or improvement in converting assets into revenue.
Peer comparison
Dec 31, 2023