Texas Roadhouse Inc (TXRH)

Receivables 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 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	4,630,470	4,473,440	4,344,988	4,198,398	4,011,603	3,898,774	3,774,419	3,648,597	3,462,567	3,206,025	2,968,267	2,545,904	2,396,677	2,483,926	2,503,230	2,716,633	2,754,780	2,635,454	2,579,392	2,518,801
Receivables	US$ in thousands	175,474	48,967	60,537	41,528	150,264	37,804	45,465	45,152	161,358	52,346	48,600	37,742	98,418	32,015	30,285	25,441	99,305	33,948	39,409	34,685
Receivables turnover		26.39	91.36	71.77	101.10	26.70	103.13	83.02	80.81	21.46	61.25	61.08	67.46	24.35	77.59	82.66	106.78	27.74	77.63	65.45	72.62

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,630,470K ÷ $175,474K
= 26.39

The receivables turnover ratio for Texas Roadhouse Inc has fluctuated over the periods presented. The ratio indicates how many times during a particular period the company collects its average accounts receivable balance.

The receivables turnover ratio for Texas Roadhouse Inc ranged from as low as 21.46 to as high as 106.78 over the periods provided. A higher turnover ratio typically indicates that the company efficiently collects outstanding receivables, converting them into cash more quickly.

In the latest period, the company's receivables turnover was 26.39, which suggests that the company collected its outstanding accounts receivable approximately 26.39 times during that period. This indicates a moderate level of efficiency in collecting receivables.

Overall, the receivables turnover ratio for Texas Roadhouse Inc has shown some variability, but it is essential to assess this ratio in conjunction with other financial metrics to understand the company's overall financial performance and management of receivables effectively.