Texas Roadhouse Inc (TXRH)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,627,390 | 4,009,110 | 3,460,580 | 2,394,680 | 2,750,280 |
| Total current assets | US$ in thousands | 356,474 | 396,841 | 563,525 | 510,651 | 247,899 |
| Total current liabilities | US$ in thousands | 745,434 | 652,010 | 602,144 | 506,318 | 417,220 |
| Working capital turnover | — | — | — | 552.66 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,627,390K ÷ ($356,474K – $745,434K)
= —
The working capital turnover ratio for Texas Roadhouse Inc has not been consistently reported in the data provided. It was specifically reported as 552.66 in 2020, indicating that the company generated $552.66 in revenue for every $1 of working capital invested in that year. However, the ratio was not reported for the other years (2019, 2021, 2022, 2023).
Without additional data for these years, it is challenging to provide a detailed trend analysis of the working capital turnover ratio for Texas Roadhouse Inc. However, a high working capital turnover ratio like the one reported in 2020 suggests that the company efficiently utilized its working capital to generate revenue.
Further analysis on the working capital turnover ratio in consecutive years would provide valuable insights into the company's operational efficiency and effectiveness in managing its working capital to support revenue generation.
Peer comparison
Dec 31, 2023