Papa John's International Inc (PZZA)
Total asset turnover
Dec 31, 2024 | Sep 30, 2024 | 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 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 2,059,387 | 2,099,939 | 2,115,944 | 2,122,580 | 2,135,713 | 2,090,625 | 2,078,325 | 2,086,460 | 2,102,103 | 2,104,754 | 2,107,024 | 2,099,367 | 2,068,421 | 2,009,347 | 1,969,506 | 1,915,121 | 1,813,234 | 1,760,937 | 1,691,702 | 1,630,702 |
Total assets | US$ in thousands | 888,952 | 860,875 | 838,427 | 847,167 | 954,201 | 877,565 | 873,643 | 864,861 | 864,227 | 829,748 | 836,272 | 885,626 | 885,704 | 889,954 | 855,744 | 918,285 | 872,770 | 816,675 | 757,737 | 718,268 |
Total asset turnover | 2.32 | 2.44 | 2.52 | 2.51 | 2.24 | 2.38 | 2.38 | 2.41 | 2.43 | 2.54 | 2.52 | 2.37 | 2.34 | 2.26 | 2.30 | 2.09 | 2.08 | 2.16 | 2.23 | 2.27 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,059,387K ÷ $888,952K
= 2.32
Papa John's International Inc's total asset turnover ratio has shown a fluctuating trend over the observed periods from March 31, 2020, to December 31, 2024. The ratio measures the efficiency of the company in generating revenue relative to its total assets.
The total asset turnover ratio ranged from a high of 2.54 in September 30, 2022, to a low of 2.08 in December 31, 2020. There was a general increasing trend from December 31, 2020, to June 30, 2024, peaking at 2.52 in June 30, 2022.
A higher total asset turnover ratio generally indicates that the company is utilizing its assets efficiently to generate sales. The decreasing trend observed after June 30, 2022, suggests that there may have been changes in the company's operations or asset management practices that impacted its revenue generation efficiency.
Overall, the total asset turnover ratio for Papa John's International Inc has demonstrated variability over the examined periods, highlighting the importance of continuous monitoring and assessment of the company's asset utilization efficiency.
Peer comparison
Dec 31, 2024