Domino’s Pizza Inc (DPZ)
Total asset turnover
| Dec 31, 2023 | Sep 10, 2023 | Jun 18, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 11, 2022 | Jun 19, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 12, 2021 | Jun 20, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 6, 2020 | Jun 14, 2020 | Mar 22, 2020 | Dec 31, 2019 | Sep 8, 2019 | Jun 16, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,479,360 | 4,468,620 | 4,509,860 | 4,550,410 | 4,537,160 | 4,488,140 | 4,417,530 | 4,384,820 | 4,357,368 | 4,370,728 | 4,340,457 | 4,228,010 | 4,117,414 | 3,911,194 | 3,764,287 | 3,655,911 | 3,618,772 | 3,550,562 | 3,515,715 | 3,483,464 |
| Total assets | US$ in thousands | 1,674,900 | 1,619,460 | 1,596,170 | 1,641,390 | 1,602,220 | 1,646,410 | 1,670,630 | 1,674,020 | 1,671,820 | 1,764,360 | 1,721,790 | 1,662,830 | 1,567,170 | 1,620,950 | 1,581,690 | 1,389,880 | 1,382,090 | 1,160,270 | 1,177,170 | 1,148,280 |
| Total asset turnover | 2.67 | 2.76 | 2.83 | 2.77 | 2.83 | 2.73 | 2.64 | 2.62 | 2.61 | 2.48 | 2.52 | 2.54 | 2.63 | 2.41 | 2.38 | 2.63 | 2.62 | 3.06 | 2.99 | 3.03 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,479,360K ÷ $1,674,900K
= 2.67
Dominos Pizza Inc's total asset turnover has been relatively consistent over the past eight quarters, ranging from 2.62 to 2.83. This ratio measures the efficiency of the company in generating sales revenue from its total assets.
A higher total asset turnover indicates that Dominos Pizza Inc is effectively utilizing its assets to generate sales. The company's average total asset turnover over the past two years is approximately 2.73, which suggests that for every dollar of assets, Dominos is generating $2.73 in sales.
The consistency in the total asset turnover ratio indicates that Dominos Pizza Inc has maintained a stable ability to convert its assets into sales revenue. This signifies operational efficiency and effective management of the company's resources. Overall, a total asset turnover ratio above 2 reflects positively on the company's efficiency in utilizing its assets to drive revenue generation.
Peer comparison
Dec 31, 2023