Texas Roadhouse Inc (TXRH)

Working capital 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 current assets US$ in thousands 356,474 181,486 233,285 268,718 396,841 277,378 280,944 425,987 563,525 537,915 581,773 577,618 510,651 399,541 359,377 302,574 247,899 164,662 217,428 322,998
Total current liabilities US$ in thousands 745,434 561,426 571,983 588,098 652,010 515,693 528,459 541,774 602,144 443,854 479,808 508,164 506,318 396,402 402,242 310,861 417,220 332,272 359,065 362,450
Working capital turnover — — — — — — — — — 34.08 29.11 36.66 553.12 791.31 — — — — — —

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,630,470K ÷ ($356,474K – $745,434K)
= —

The working capital turnover ratio for Texas Roadhouse Inc has shown significant fluctuations over the periods presented. The ratio was not available for several quarters, indicating potential data limitations or changes in reporting.

When the ratio was reported, it varied widely, ranging from 29.11 to 791.31, with a notable outlier of 553.12 in Q4 2021. Such fluctuations suggest potential changes in the efficiency of the company in utilizing its working capital to generate sales revenue.

Given the absence of data for many periods and the extreme variability in reported values, it is challenging to derive a consistent trend or draw definitive conclusions regarding the company's working capital turnover performance. Further analysis and additional information would be needed to provide a more comprehensive assessment of Texas Roadhouse Inc's working capital turnover dynamics.