Wingstop Inc (WING)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 625,807 | 460,055 | 357,521 | 282,502 | 248,811 |
| Total assets | US$ in thousands | 716,246 | 377,825 | 424,190 | 249,203 | 211,565 |
| Total asset turnover | 0.87 | 1.22 | 0.84 | 1.13 | 1.18 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $625,807K ÷ $716,246K
= 0.87
The total asset turnover ratio for Wingstop Inc has shown some fluctuations over the years. In December 2020, the ratio was 1.18, indicating that the company generated $1.18 in revenue for every $1 of total assets. By December 2021, the ratio decreased to 1.13, suggesting a slight decrease in efficiency in utilizing assets to generate revenue.
In December 2022, the total asset turnover ratio dropped significantly to 0.84, signaling a decline in the efficiency of asset utilization for revenue generation. However, by December 2023, there was a notable improvement as the ratio increased to 1.22, indicating a more efficient use of assets to generate revenue.
In the most recent period, December 2024, the total asset turnover ratio decreased again to 0.87, showing a decline in efficiency in asset utilization for revenue generation compared to the previous year. Overall, Wingstop Inc's total asset turnover ratio has exhibited variability, with some periods of improvement and others showing a less efficient utilization of assets in generating revenue.
Peer comparison
Dec 31, 2024