Shake Shack Inc (SHAK)
Total 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 |
| Total assets | US$ in thousands | 1,696,970 | 1,605,860 | 1,494,860 | 1,457,570 | 1,145,350 |
| Total asset turnover | 0.74 | 0.68 | 0.60 | 0.51 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,252,610K ÷ $1,696,970K
= 0.74
Shake Shack Inc's total asset turnover has shown a positive trend over the years, indicating an improvement in the company's efficiency in generating revenue from its total assets. The ratio increased from 0.46 in December 31, 2020, to 0.74 in December 31, 2024. This signifies that the company is generating more revenue for each dollar invested in total assets. A higher total asset turnover ratio generally indicates better asset utilization and operational efficiency. Shake Shack Inc's increasing total asset turnover ratios suggest that the company has been effectively managing its assets to generate sales and improve overall financial performance.
Peer comparison
Dec 31, 2024