Dine Brands Global Inc (DIN)

Working capital 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 current assets	US$ in thousands	357,778	479,764	574,353	586,506	346,917
Total current liabilities	US$ in thousands	460,452	470,722	410,730	348,568	357,912
Working capital turnover		—	100.58	5.48	2.90	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $831,068K ÷ ($357,778K – $460,452K)
= —

The working capital turnover ratio for Dine Brands Global Inc has shown significant fluctuations over the past five years. In 2023, the ratio was not available, indicating potential changes in the company's financial structure. In 2022, the ratio stood at 100.58, showcasing an exceptionally high efficiency in utilizing its working capital to generate revenue. This steep decline from 2022 to 2021, where the ratio dropped to 5.48, suggests a substantial decrease in the company's ability to efficiently convert working capital into revenue during that period. The ratio further decreased to 2.90 in 2020, indicating a continued decline in working capital efficiency. The absence of data for 2019 makes it challenging to analyze the trend comprehensively. Overall, fluctuations in the working capital turnover ratio for Dine Brands Global Inc suggest varying efficiencies in managing working capital and generating revenue over the past five years. Further analysis would be needed to understand the underlying reasons for these fluctuations.