Dine Brands Global Inc (DIN)

Working capital 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
Total current assets	US$ in thousands	357,778	263,801	269,806	348,371	479,764	645,786	449,828	476,855	574,353	493,638	461,153	385,709	586,506	524,400	485,970	499,990	346,917	276,005	304,278	322,767
Total current liabilities	US$ in thousands	460,452	384,337	400,182	405,172	470,722	519,106	343,798	334,770	410,730	344,982	344,855	335,096	348,568	321,111	300,706	290,578	357,912	290,734	296,401	303,090
Working capital turnover		—	—	—	—	100.58	7.35	8.74	6.49	5.48	5.80	6.97	13.56	2.90	3.55	4.11	4.20	—	—	110.90	42.18

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $831,101K ÷ ($357,778K – $460,452K)
= —

The working capital turnover for Dine Brands Global Inc has shown fluctuations over the past eight quarters, ranging from a low of 6.49 in Q1 2022 to a high of 100.58 in Q4 2022. The significant increase in Q4 2022 may indicate improved efficiency in utilizing working capital to generate revenue. However, the lack of data for Q1-Q3 2023 limits a thorough analysis of recent trends. It would be beneficial to closely monitor future working capital turnover ratios to assess the company's ongoing operational efficiency and liquidity management.