Texas Roadhouse Inc (TXRH)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,373,330 | 4,631,670 | 4,014,920 | 3,463,950 | 2,398,120 |
| Property, plant and equipment | US$ in thousands | — | — | 1,270,350 | 1,740,850 | 1,088,620 |
| Fixed asset turnover | — | — | 3.16 | 1.99 | 2.20 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,373,330K ÷ $—K
= —
The fixed asset turnover ratio of Texas Roadhouse Inc has shown fluctuations over the years. In 2020, the ratio was 2.20, indicating that the company generated $2.20 in revenue for every dollar invested in fixed assets during that year. The ratio decreased to 1.99 in 2021, suggesting a slightly less efficient utilization of fixed assets.
However, there was a significant improvement in the fixed asset turnover ratio in 2022, reaching 3.16, which signifies a more effective utilization of fixed assets to generate revenue. The ratio for 2023 and 2024 is not provided in the data.
Overall, the trend indicates that the company has experienced variability in its ability to generate revenue from its fixed assets, with a notable improvement in 2022. It is important for Texas Roadhouse Inc to continue monitoring and optimizing its fixed asset turnover to enhance operational efficiency and profitability.
Peer comparison
Dec 31, 2024