Papa John's International Inc (PZZA)

Total asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 2,059,390 2,135,710 2,102,100 2,068,420 1,813,230
Total assets US$ in thousands 888,952 875,005 864,227 885,704 872,770
Total asset turnover 2.32 2.44 2.43 2.34 2.08

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,059,390K ÷ $888,952K
= 2.32

Papa John's International Inc's total asset turnover has shown a positive trend over the past five years. The ratio has increased steadily from 2.08 in December 31, 2020, to 2.32 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, suggesting improved efficiency in utilizing its assets to generate sales. The peak in total asset turnover was observed in December 31, 2023, at 2.44, signifying the most efficient use of the company's assets during that period. Overall, the increasing trend in total asset turnover reflects positively on Papa John's ability to effectively manage its assets to generate revenue.