GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Brinker International Inc (NYSE:EAT) » Definitions » Asset Turnover

Brinker International (Brinker International) Asset Turnover : 0.43 (As of Dec. 2023)


View and export this data going back to 1989. Start your Free Trial

What is Brinker International Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Brinker International's Revenue for the three months ended in Dec. 2023 was $1,074 Mil. Brinker International's Total Assets for the quarter that ended in Dec. 2023 was $2,493 Mil. Therefore, Brinker International's Asset Turnover for the quarter that ended in Dec. 2023 was 0.43.

Asset Turnover is linked to ROE % through Du Pont Formula. Brinker International's annualized ROE % for the quarter that ended in Dec. 2023 was -126.71%. It is also linked to ROA % through Du Pont Formula. Brinker International's annualized ROA % for the quarter that ended in Dec. 2023 was 6.76%.


Brinker International Asset Turnover Historical Data

The historical data trend for Brinker International'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.

Brinker International Asset Turnover Chart

Brinker International Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.47 1.70 1.44 1.60 1.66

Brinker International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only 0.41 0.43 0.43 0.41 0.43

Competitive Comparison of Brinker International's Asset Turnover

For the Restaurants subindustry, Brinker International'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.


Brinker International's Asset Turnover Distribution in the Restaurants Industry

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

* The bar in red indicates where Brinker International's Asset Turnover falls into.



Brinker International Asset Turnover Calculation

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

Brinker International's Asset Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=4133.2/( (2484.4+2487)/ 2 )
=4133.2/2485.7
=1.66

Brinker International's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=1074.1/( (2474.8+2510.7)/ 2 )
=1074.1/2492.75
=0.43

* 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.


Brinker International  (NYSE:EAT) Asset Turnover Explanation

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

Brinker International's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=168.4/-132.9
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(168.4 / 4296.4)*(4296.4 / 2492.75)*(2492.75/ -132.9)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.92 %*1.7236*-18.7566
=ROA %*Equity Multiplier
=6.76 %*-18.7566
=-126.71 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

Brinker International's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=168.4/2492.75
=(Net Income / Revenue)*(Revenue / Total Assets)
=(168.4 / 4296.4)*(4296.4 / 2492.75)
=Net Margin %*Asset Turnover
=3.92 %*1.7236
=6.76 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.


Brinker International Asset Turnover Related Terms

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


Brinker International (Brinker International) Business Description

Traded in Other Exchanges
Address
3000 Olympus Boulevard, Dallas, TX, USA, 75019
Brinker International Inc operates casual dining restaurants under the brand's Chili Grill and Bar (Chili's) and Maggiano's Little Italy (Maggiano's). Chili's falls in the Bar and Grill category of casual dining. Its menu features Fresh Mex and Fresh Tex favorites including signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and bottomless chips and salsa paired with tableside guacamole. Maggiano's is an Italian restaurant brand with a full lunch and dinner menu offering chef-prepared, such as appetizers, chicken, seafood, veal and prime steaks, and desserts. The company generates maximum revenue from Chili's segment.
Executives
Joseph G Taylor officer: VP, Corp. Affairs & Inv. Rel. 6820 LBJ FREEWAY, DALLAS TX 75240
Douglas N. Comings officer: SVP & COO, Chili's Grill & Bar 3000 OLYMPUS DR., DALLAS TX 75019
James M Butler officer: SVP Chief Supply Chain Officer 3000 OLYMPUS BLVD., DALLAS TX 75019
Wade Allen officer: SVP & Chief Digital Officer 6820 LBJ FREEWAY, DALLAS X1 75240
Steve Provost officer: Pres., Maggiano's Little Italy 4024 COLGATE, UNIVERSITY PARK TX 75225
Rick Badgley officer: SVP & Chief People Officer 6820 LBJ FREEWAY, DALLAS TX 75240
George S Felix officer: SVP, Chief Marketing Officer 3000 OLYMPUS BLVD., DALLAS TX 75019
Kevin Hochman director, officer: Pres. & CEO & Pres. of Chili's 3000 OLYMPUS BLVD., DALLAS TX 75019
Prashant Ranade director 507 PLYMOUTH AVENUE, NE, GRAND RAPIDS MI 49505
Wyman Roberts officer: SVP, Maggiano's President 3853 WATERCREST DRIVE, LONGWOOD FL 32779
Ramona Hood director 3000 OLYMPUS BLVD., DALLAS TX 75019
Daniel S Fuller officer: SVP, General Counsel & Sec. 120 HOLLYWOOD DR., COPPELL TX 75019
Harriet Edelman director
Charles A Lousignont officer: SVP Supply Chain Mgmt 6820 LBJ FREEWAY, DALLAS TX 75240
Joseph Michael Depinto director C/O OFFICEMAX INCORPORATED, NAPERVILLE IL 60563