Shake Shack Inc (SHAK)
Total asset turnover
| 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 23, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,088,117 | 1,038,711 | 990,433 | 950,238 | 897,418 | 863,241 | 828,040 | 784,444 | 736,703 | 691,818 | 628,680 | 533,133 | 519,581 | 513,506 | 541,190 | 602,572 | 594,445 | 567,275 | 648,682 | 728,157 |
| Total assets | US$ in thousands | 1,605,860 | 1,581,940 | 1,549,900 | 1,524,000 | 1,511,950 | 1,515,970 | 1,480,080 | 1,449,730 | 1,457,570 | 1,440,300 | 1,432,270 | 1,407,590 | 1,145,350 | 1,137,200 | 1,123,940 | 1,040,010 | 968,268 | 963,272 | 898,244 | 846,968 |
| Total asset turnover | 0.68 | 0.66 | 0.64 | 0.62 | 0.59 | 0.57 | 0.56 | 0.54 | 0.51 | 0.48 | 0.44 | 0.38 | 0.45 | 0.45 | 0.48 | 0.58 | 0.61 | 0.59 | 0.72 | 0.86 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,088,117K ÷ $1,605,860K
= 0.68
The total asset turnover for Shake Shack Inc has been fluctuating over the periods analyzed. The ratio measures how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
From the data provided, we can observe an increasing trend in total asset turnover from 2019 to 2020, peaking at 0.86 in September 2020. However, the ratio started to decrease in the following periods, with some fluctuations. The ratio ranged from 0.38 to 0.68 between December 2020 and December 2023.
Overall, the total asset turnover for Shake Shack Inc shows variability over time, suggesting fluctuations in the company's ability to generate revenue relative to its asset base. Further analysis and comparison with industry benchmarks would provide a deeper understanding of the company's operational efficiency.
Peer comparison
Dec 31, 2023