Domino’s Pizza Inc (DPZ)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,479,360 | 4,537,160 | 4,357,370 | 4,117,410 | 3,618,770 |
| Total assets | US$ in thousands | 1,674,900 | 1,602,220 | 1,671,820 | 1,567,170 | 1,382,090 |
| Total asset turnover | 2.67 | 2.83 | 2.61 | 2.63 | 2.62 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,479,360K ÷ $1,674,900K
= 2.67
Dominos Pizza Inc's total asset turnover has shown fluctuations over the past five years. The ratio indicates how efficiently the company is using its assets to generate revenue. A higher ratio is generally favorable as it suggests that the company is able to generate more sales revenue per dollar of assets.
In 2023, Dominos Pizza Inc's total asset turnover decreased to 2.67 from 2.83 in 2022. This could indicate a slight decline in the company's efficiency in generating revenue from its assets compared to the previous year.
Looking at the trend over the past five years, there has been some fluctuation in the total asset turnover ratio, but it has generally remained within a relatively close range. The company's ability to efficiently utilize its assets to generate revenue has been fairly consistent, with the ratio hovering around 2.6 to 2.8.
Overall, Dominos Pizza Inc's total asset turnover ratio suggests that the company has been effectively utilizing its assets to generate sales revenue, although there was a slight dip in 2023 compared to the previous year. It would be beneficial for the company to continue monitoring and optimizing its asset utilization to ensure sustained efficiency in generating revenue from its assets.
Peer comparison
Dec 31, 2023