Brinker International Inc (EAT)

Total asset turnover

		Jun 30, 2024	Mar 31, 2024	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 23, 2020	Sep 23, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	4,415,100	4,282,400	4,245,300	4,190,200	4,133,200	4,079,200	3,976,400	3,883,200	3,804,100	3,791,200	3,639,200	3,474,100	3,337,800	2,892,400	2,924,000	3,032,600	3,078,500	3,349,400	3,328,700	3,250,100
Total assets	US$ in thousands	2,593,100	2,495,700	2,510,700	2,474,800	2,487,000	2,478,100	2,519,600	2,493,800	2,484,400	2,458,800	2,457,300	2,339,400	2,274,900	2,309,000	2,357,700	2,335,300	2,356,000	2,585,400	2,503,700	2,491,000
Total asset turnover		1.70	1.72	1.69	1.69	1.66	1.65	1.58	1.56	1.53	1.54	1.48	1.49	1.47	1.25	1.24	1.30	1.31	1.30	1.33	1.30

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,415,100K ÷ $2,593,100K
= 1.70

The total asset turnover ratio for Brinker International Inc has varied over the past years, ranging from 1.24 to 1.72. This ratio measures the efficiency with which the company utilizes its assets to generate revenue. A higher total asset turnover ratio indicates that the company is effectively using its assets to generate sales.

From the data provided, we can observe that there has been a general increasing trend in the total asset turnover ratio from 1.24 in March 2021 to 1.72 in March 2024. This indicates that Brinker International Inc has been improving its efficiency in utilizing its assets to generate sales over the past few years.

However, it is important to note that the total asset turnover ratio fluctuates from quarter to quarter, which may be influenced by various factors such as changes in sales volume, asset utilization, or business operations. Overall, a consistently high total asset turnover ratio suggests good asset management and operational efficiency within the company.