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.