Shake Shack Inc (SHAK)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,252,610 | 1,087,530 | 900,486 | 739,893 | 522,867 |
| Property, plant and equipment | US$ in thousands | — | — | 467,031 | 389,386 | 642,858 |
| Fixed asset turnover | — | — | 1.93 | 1.90 | 0.81 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,252,610K ÷ $—K
= —
Shake Shack Inc's fixed asset turnover has shown a positive trend over the past few years, increasing from 0.81 in 2020 to 1.90 in 2021 and further to 1.93 in 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of operational efficiency and effective asset utilization. However, it is noted that the data for 2023 and 2024 is missing. It will be important to monitor future trends to assess the sustainability of this improvement in fixed asset turnover and its impact on the company's overall financial performance.
Peer comparison
Dec 31, 2024