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.