Texas Roadhouse Inc (TXRH)

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 Jun 30, 2020 Mar 31, 2020
Revenue (ttm) US$ in thousands 5,373,330 5,099,780 4,948,530 4,778,530 4,631,670 4,476,840 4,348,388 4,201,798 4,014,924 3,900,980 3,776,625 3,650,803 3,463,946 3,206,349 2,968,591 2,546,228 2,398,123 2,485,372 2,504,676 2,718,079
Total assets US$ in thousands 3,190,780 2,913,820 2,861,910 2,830,400 3,058,920 2,546,340 2,514,990 2,474,860 2,525,660 2,365,050 2,321,720 2,437,320 2,511,950 2,442,550 2,448,940 2,406,730 2,325,160 2,188,010 2,130,480 2,054,700
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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,373,330K ÷ $3,190,780K
= 1.68

The total asset turnover ratio for Texas Roadhouse Inc has fluctuated over the past few years, indicating varying levels of efficiency in generating sales from its total assets. It started at 1.32 in March 2020 and witnessed a slight decline to 1.18 by June 2020. This downward trend continued through September 2020 and December 2020, reaching 1.03.

However, there was a gradual recovery in the ratio from March 2021 to June 2022, with the ratio increasing to 1.73 by June 2023. This upward trend suggests improved effectiveness in utilizing its assets to generate revenue during this period.

The ratio peaked at 1.76 in September 2023 before experiencing a slight decline to 1.51 by December 2023. It then rebounded to 1.73 by June 2024 and continued to increase to 1.75 by September 2024.

Overall, the total asset turnover ratio for Texas Roadhouse Inc has shown some volatility, but the general trend indicates an enhancement in efficiency in utilizing total assets to drive sales over the analyzed period.