Texas Roadhouse Inc (TXRH)
Activity ratios
Short-term
Turnover ratios
| 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 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 108.60 | 106.95 | 100.74 | 105.27 | 102.74 | 103.12 | 96.78 | 97.56 | 90.21 | 100.91 | 99.88 | 100.85 | 90.44 | 95.67 | 96.19 | 93.86 | 94.55 | 108.71 | 93.68 | 111.53 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 34.09 | 29.11 | 36.66 | 553.46 | 791.77 | — | — |
Texas Roadhouse Inc's inventory turnover has shown fluctuations over the periods provided, ranging from 90.21 to 108.71. This indicates the number of times the company's inventory was sold and replaced during the year. A higher turnover generally indicates efficient inventory management.
The receivables turnover data is not available, suggesting that the company may not rely heavily on credit sales or that credit terms are not easily discernible from the financial statements.
Payables turnover data is also not available, which makes it difficult to analyze how quickly the company is paying its suppliers.
The working capital turnover ratio, when available, ranged significantly from 29.11 to 791.77. This ratio measures how effectively the company is using its working capital to generate revenue. A higher ratio indicates better utilization of working capital.
Overall, while the inventory turnover and working capital turnover provide some insights into operational efficiency, the lack of data on receivables and payables turnover limits a comprehensive analysis of Texas Roadhouse Inc's activity ratios.
Average number of days
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 3.36 | 3.41 | 3.62 | 3.47 | 3.55 | 3.54 | 3.77 | 3.74 | 4.05 | 3.62 | 3.65 | 3.62 | 4.04 | 3.82 | 3.79 | 3.89 | 3.86 | 3.36 | 3.90 | 3.27 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Texas Roadhouse Inc's Days of Inventory on Hand (DOH) has been relatively stable over the years, ranging between 3.27 days and 4.05 days. This indicates that the company is efficiently managing its inventory levels by quickly converting inventory into sales. A lower DOH is generally favorable as it signifies efficient inventory turnover.
Unfortunately, there is no data available for Days of Sales Outstanding (DSO) and Number of Days of Payables, so we are unable to provide an analysis of the company's accounts receivable collection period and accounts payable period. As these ratios are crucial in assessing the company's working capital management and liquidity, it would be beneficial to have this information to derive a comprehensive view of its operational efficiency.
Long-term
| 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 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 3.20 | 3.21 | 3.16 | 2.09 | 2.08 | 3.09 | 1.99 | 1.89 | 1.78 | 2.33 | 2.20 | 2.31 | 1.58 | 2.54 |
| Total asset turnover | 1.68 | 1.75 | 1.73 | 1.69 | 1.51 | 1.76 | 1.73 | 1.70 | 1.59 | 1.65 | 1.63 | 1.50 | 1.38 | 1.31 | 1.21 | 1.06 | 1.03 | 1.14 | 1.18 | 1.32 |
The Fixed Asset Turnover ratio measures how efficiently a company utilizes its fixed assets to generate revenue. Looking at Texas Roadhouse Inc's Fixed Asset Turnover ratio over the years, we can observe fluctuations in the ratio. The ratio ranged from a low of 1.58 in June 2020 to a high of 3.21 in March 2023, indicating variations in how effectively the company is generating revenue from its fixed assets.
On the other hand, the Total Asset Turnover ratio indicates how efficiently the company is using all its assets to generate sales. Texas Roadhouse's Total Asset Turnover ratio also varied over the years. It ranged from 1.03 in December 2020 to 1.76 in September 2023, showing changes in the company's ability to generate sales relative to its total assets.
Overall, these long-term activity ratios suggest that Texas Roadhouse Inc has experienced fluctuations in the efficiency of utilizing both fixed assets and total assets to generate revenue over the years. The company may want to further analyze the reasons behind these fluctuations to improve its asset utilization efficiency.