The Wendy’s Co (WEN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,246,490 | 2,181,580 | 2,095,500 | 1,897,000 | 1,733,820 |
| Total assets | US$ in thousands | 5,034,840 | 5,182,830 | 5,499,340 | 5,101,390 | 5,040,010 |
| Total asset turnover | 0.45 | 0.42 | 0.38 | 0.37 | 0.34 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,246,490K ÷ $5,034,840K
= 0.45
The total asset turnover ratio of The Wendy’s Co has shown a steady increase over the past five years. Starting at 0.34 in December 31, 2020, the ratio has progressively improved to 0.45 by December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, suggesting improved efficiency in asset utilization. The rising trend in total asset turnover reflects that The Wendy’s Co is becoming more effective in generating sales from its asset base over time. This positive trend is a favorable signal of the company's operational effectiveness and potential for future growth.
Peer comparison
Dec 31, 2024