Domino's Pizza Inc Common Stock (DPZ)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,706,420 | 4,479,360 | 4,537,160 | 4,357,370 | 4,117,410 |
| Total assets | US$ in thousands | 1,737,010 | 1,674,900 | 1,602,220 | 1,671,820 | 1,567,170 |
| Total asset turnover | 2.71 | 2.67 | 2.83 | 2.61 | 2.63 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,706,420K ÷ $1,737,010K
= 2.71
Domino's Pizza Inc Common Stock's total asset turnover ratio has shown fluctuations over the past five years. In 2020, the total asset turnover was 2.63, which slightly decreased to 2.61 in 2021. However, there was a notable increase in 2022, with the ratio reaching 2.83. In 2023, the total asset turnover decreased to 2.67, followed by a slight increase to 2.71 in 2024.
Overall, the company has effectively utilized its assets to generate sales, as indicated by the total asset turnover ratios above 2 in each year. The fluctuations in the ratio suggest varying levels of efficiency in utilizing assets to generate revenue over the years. It is important for investors and analysts to continue monitoring this ratio to assess the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024