Texas Roadhouse Inc (TXRH)
Working capital 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 current assets | US$ in thousands | 516,568 | 307,401 | 333,286 | 344,395 | 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 |
| Total current liabilities | US$ in thousands | 828,130 | 627,564 | 644,327 | 686,428 | 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 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 34.09 | 29.11 | 36.66 | 553.46 | 791.77 | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,373,330K ÷ ($516,568K – $828,130K)
= —
The working capital turnover ratio for Texas Roadhouse Inc has experienced fluctuations over the past few quarters. In September 2020, the ratio was 791.77, indicating that the company was efficient in generating revenue relative to its working capital. However, this efficiency decreased in the subsequent quarters, dropping to 553.46 in December 2020, 36.66 in March 2021, and further to 29.11 in June 2021.
There was a slight improvement in September 2021, with the ratio increasing to 34.09, but it is still significantly lower than the initial high levels observed in September 2020. Notably, the working capital turnover ratio was not calculable for the periods ending in March 2020, 2022, and onward to December 2024, indicating missing or unavailable data for those periods.
Overall, the working capital turnover ratio for Texas Roadhouse Inc reflects a mix of high efficiency in capital utilization in the past, followed by a notable decline in efficiency in more recent quarters. It is important for the company to closely monitor and manage its working capital to enhance operational efficiency and productivity.
Peer comparison
Dec 31, 2024