Wingstop Inc (WING)

Total asset 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	460,055	437,865	413,433	390,037	357,521	324,682	297,794	288,017	282,502	273,756	271,960	264,065	248,811	238,715	224,602	207,059	199,676	186,999	175,370	163,845
Total assets	US$ in thousands	377,825	351,676	451,217	451,297	424,190	411,036	395,361	507,296	249,203	260,399	234,264	217,771	211,565	219,691	201,114	188,514	166,113	168,067	150,025	151,450
Total asset turnover		1.22	1.25	0.92	0.86	0.84	0.79	0.75	0.57	1.13	1.05	1.16	1.21	1.18	1.09	1.12	1.10	1.20	1.11	1.17	1.08

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $460,055K ÷ $377,825K
= 1.22

The total asset turnover ratio of Wingstop Inc has shown some fluctuations over the past years. The ratio indicates the efficiency of the company in generating sales from its total assets.

From the data provided, it is observed that the total asset turnover ratio ranged from a low of 0.57 in March 31, 2022, to a high of 1.25 in September 30, 2023. Generally, a higher ratio suggests that the company is utilizing its assets more efficiently to generate sales.

In the recent periods, the total asset turnover ratio has been above 1, indicating that Wingstop Inc has been effective in generating revenue from its assets. However, the ratio showed some volatility with ups and downs, which may require further investigation to identify any underlying reasons for the fluctuations.

Overall, continuous monitoring and analysis of the total asset turnover ratio can provide insights into the company's operational efficiency and asset utilization, helping stakeholders make informed decisions regarding Wingstop Inc's financial performance.