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Dutch Bros (Dutch Bros) Asset Turnover : 0.14 (As of Mar. 2024)


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What is Dutch Bros Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Dutch Bros's Revenue for the three months ended in Mar. 2024 was $275 Mil. Dutch Bros's Total Assets for the quarter that ended in Mar. 2024 was $1,919 Mil. Therefore, Dutch Bros's Asset Turnover for the quarter that ended in Mar. 2024 was 0.14.

Asset Turnover is linked to ROE % through Du Pont Formula. Dutch Bros's annualized ROE % for the quarter that ended in Mar. 2024 was 7.23%. It is also linked to ROA % through Du Pont Formula. Dutch Bros's annualized ROA % for the quarter that ended in Mar. 2024 was 1.47%.


Dutch Bros Asset Turnover Historical Data

The historical data trend for Dutch Bros's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Dutch Bros Asset Turnover Chart

Dutch Bros Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
1.42 1.53 1.22 0.85 0.66

Dutch Bros Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.19 0.18 0.15 0.14

Competitive Comparison of Dutch Bros's Asset Turnover

For the Restaurants subindustry, Dutch Bros's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dutch Bros's Asset Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Dutch Bros's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Dutch Bros's Asset Turnover falls into.



Dutch Bros Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Dutch Bros's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=965.776/( (1186.36+1764.01)/ 2 )
=965.776/1475.185
=0.65

Dutch Bros's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=275.099/( (1764.01+2073.315)/ 2 )
=275.099/1918.6625
=0.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Dutch Bros  (NYSE:BROS) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Dutch Bros's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=28.248/390.7315
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(28.248 / 1100.396)*(1100.396 / 1918.6625)*(1918.6625/ 390.7315)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.57 %*0.5735*4.9104
=ROA %*Equity Multiplier
=1.47 %*4.9104
=7.23 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Dutch Bros's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=28.248/1918.6625
=(Net Income / Revenue)*(Revenue / Total Assets)
=(28.248 / 1100.396)*(1100.396 / 1918.6625)
=Net Margin %*Asset Turnover
=2.57 %*0.5735
=1.47 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Dutch Bros Asset Turnover Related Terms

Thank you for viewing the detailed overview of Dutch Bros's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Dutch Bros (Dutch Bros) Business Description

Traded in Other Exchanges
N/A
Address
110 SW 4th Street, Grants Pass, OR, USA, 97526
Dutch Bros Inc is an operator and franchisor of drive-thru coffee shops that are focused on serving hand-crafted beverages. The company's hand-crafted beverage-focused lineup features hot and cold espresso-based beverages, cold brew coffee products, proprietary energy drinks, tea, lemonade, smoothies and other beverages. The company has two reportable operating segments company-operated shops and franchising and other.
Executives
Travis Boersma director, 10 percent owner, officer: Executive Chairman of Board C/O DUTCH BROS INC., PO BOX 1929, GRANTS PASS OR 97528
Dm Trust Aggregator, Llc 10 percent owner PO BOX 398, GRANTS PASS OR 97528
Dm Individual Aggregator, Llc 10 percent owner PO BOX 398, GRANTS PASS OR 97528
Brian Maxwell officer: Chief Operating Officer C/O DUTCH BROS INC., PO BOX 1929, GRANTS PASS OR 97528
Tsg7 A Management Llc 10 percent owner C/O TSG CONSUMER PARTNERS, 1100 LARKSPUR LANDING CIRCLE, SUITE 360, LARKSPUR CA 94939
Charles Jemley officer: Chief Financial Officer C/O FOUR CORNERS PROPERTY TRUST, INC., 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941
C. David Cone director 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Sullivan Sean B.a. director 1201 DOWDELL LANE, SAINT HELENA CA 94574
Victoria J Tullett officer: Chief Legal Officer C/O DUTCH BROS INC., 110 SW 4TH STREET, GRANTS PASS OR 97526
Joth Ricci officer: CEO and President C/O DUTCH BROS INC., PO BOX 1929, GRANTS PASS OR 97528
Tana Davila officer: Chief Marketing Officer 110 SW 4TH STREET, GRANTS PASS OR 97526
Christine Barone officer: President C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
John Patrick Graham officer: Chief Marketing Officer C/O ALIGN TECHNOLOGY INC., 2820 ORCHARD PARKWAY, SAN JOSE CA 94131
Ann M Miller director ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Stephen Gillett director 2401 UTAH AVE S, SEATTLE WA 98134

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