Brinker International Inc (EAT)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,415,100 | 4,133,200 | 3,804,100 | 3,337,800 | 3,078,500 |
| Total assets | US$ in thousands | 2,593,100 | 2,487,000 | 2,484,400 | 2,274,900 | 2,356,000 |
| Total asset turnover | 1.70 | 1.66 | 1.53 | 1.47 | 1.31 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,415,100K ÷ $2,593,100K
= 1.70
The total asset turnover ratio for Brinker International Inc has shown a consistent increasing trend over the past five years, from 1.31 in June 2020 to 1.70 in June 2024. This indicates that, on average, the company generated $1.70 in revenue for every $1 of total assets held during the most recent fiscal year.
A higher total asset turnover ratio suggests that the company is more efficient in utilizing its assets to generate sales, which can be a positive sign of operational efficiency and effective asset management. This improvement in asset turnover over the years may reflect enhanced operational performance or strategic decisions that have optimized the utilization of company assets to drive revenue growth. It could also indicate effective inventory management, faster collection of receivables, or improved sales strategies.
Overall, the increasing trend in Brinker International Inc's total asset turnover ratio indicates that the company has been utilizing its assets more efficiently to generate revenue, which could potentially lead to improved profitability and shareholder value.
Peer comparison
Jun 30, 2024