The Wendy’s Co (WEN)
Total asset 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 | 2,246,492 | 2,212,870 | 2,196,686 | 2,187,524 | 2,181,578 | 2,177,437 | 2,159,451 | 2,135,669 | 2,095,505 | 2,032,198 | 1,969,884 | 1,925,438 | 1,896,998 | 1,898,112 | 1,880,099 | 1,789,068 | 1,733,825 | 1,686,699 | 1,672,337 | 1,705,379 |
| Total assets | US$ in thousands | 5,034,840 | 5,073,220 | 5,088,160 | 5,189,770 | 5,616,090 | 5,290,450 | 5,353,750 | 5,408,030 | 5,499,340 | 5,524,990 | 5,515,580 | 5,563,100 | 5,101,390 | 5,156,950 | 5,166,870 | 4,956,670 | 5,040,010 | 4,963,020 | 5,070,360 | 4,981,720 |
| Total asset turnover | 0.45 | 0.44 | 0.43 | 0.42 | 0.39 | 0.41 | 0.40 | 0.39 | 0.38 | 0.37 | 0.36 | 0.35 | 0.37 | 0.37 | 0.36 | 0.36 | 0.34 | 0.34 | 0.33 | 0.34 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,246,492K ÷ $5,034,840K
= 0.45
Total asset turnover is a measure of efficiency that indicates how well a company is utilizing its assets to generate revenue. It is calculated by dividing net sales by average total assets.
Based on the data provided, The Wendy's Co has shown a consistent improvement in total asset turnover over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio increased steadily from 0.34 in March 31, 2020, to 0.45 in December 31, 2024.
This trend suggests that Wendy's has been able to generate more revenue relative to its total assets over time, which indicates improved efficiency in asset utilization. A higher total asset turnover ratio typically implies that the company is generating more sales from its assets, which is a positive sign for investors and indicates better operational performance.
Peer comparison
Dec 31, 2024