Shake Shack Inc (SHAK)
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 | Sep 23, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,252,608 | 1,210,167 | 1,169,450 | 1,124,759 | 1,087,533 | 1,039,819 | 991,426 | 950,373 | 900,486 | 865,213 | 831,294 | 788,002 | 739,893 | 694,147 | 630,653 | 573,083 | 509,587 | 495,247 | 516,281 | 544,153 |
| Total assets | US$ in thousands | 1,696,970 | 1,675,420 | 1,661,760 | 1,618,830 | 1,605,790 | 1,564,860 | 1,532,820 | 1,506,920 | 1,494,860 | 1,501,770 | 1,480,080 | 1,449,730 | 1,457,570 | 1,440,300 | 1,432,270 | 1,407,590 | 1,145,350 | 1,137,200 | 1,137,200 | 1,123,940 |
| Total asset turnover | 0.74 | 0.72 | 0.70 | 0.69 | 0.68 | 0.66 | 0.65 | 0.63 | 0.60 | 0.58 | 0.56 | 0.54 | 0.51 | 0.48 | 0.44 | 0.41 | 0.44 | 0.44 | 0.45 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,252,608K ÷ $1,696,970K
= 0.74
Total asset turnover measures a company's ability to generate revenue from its total assets. For Shake Shack Inc, the total asset turnover has shown a steady increase from 0.48 in June 2020 to 0.74 by December 2024. This indicates that the company has become more efficient in utilizing its assets to generate sales over the years. A higher total asset turnover ratio generally suggests that the company is effectively using its assets to generate revenue. Shake Shack Inc's improving total asset turnover ratio reflects an increasing efficiency in converting its total assets into sales, which could be a positive sign for the company's operational effectiveness and overall financial performance.
Peer comparison
Dec 31, 2024