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.