Texas Roadhouse Inc (TXRH)

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 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
Total assets	US$ in thousands	2,793,380	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	1,983,560	1,855,560	1,868,850	1,937,950
Total asset turnover		1.66	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	1.17	1.32	1.39	1.42	1.38	1.30

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,630,470K ÷ $2,793,380K
= 1.66

The total asset turnover of Texas Roadhouse Inc has varied over the past few years, ranging from 1.03 to 1.76. This ratio indicates the company's efficiency in generating sales revenue from its total assets. Higher values suggest that the company is effectively utilizing its assets to generate revenue.

The trend for Texas Roadhouse Inc's total asset turnover seems to have generally improved from 2019 to 2023, with some fluctuations. The ratio increased from 1.30 in Dec 2019 to 1.76 in Sep 2023, showing an upward trend in asset utilization efficiency.

Overall, the company's total asset turnover has shown signs of improvement over the years, indicating that Texas Roadhouse Inc has been effectively using its assets to generate sales. However, it is essential to continue monitoring this ratio to ensure sustained operational efficiency and profitability.