Texas Roadhouse (Texas Roadhouse) Inventory Turnover : 26.18 (As of Dec. 2023)

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What is Texas Roadhouse Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Texas Roadhouse's Cost of Goods Sold for the three months ended in Dec. 2023 was $981 Mil. Texas Roadhouse's Average Total Inventories for the quarter that ended in Dec. 2023 was $37 Mil. Texas Roadhouse's Inventory Turnover for the quarter that ended in Dec. 2023 was 26.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Texas Roadhouse's Days Inventory for the three months ended in Dec. 2023 was 3.49.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Texas Roadhouse's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Texas Roadhouse Inventory Turnover Historical Data

The historical data trend for Texas Roadhouse's Inventory 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.

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Texas Roadhouse Inventory Turnover Chart

Texas Roadhouse Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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115.62

99.20

105.91

96.57

102.09

Texas Roadhouse Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															24.17	26.24	26.20	25.50	26.18

Texas Roadhouse Inventory Turnover Calculation

Texas Roadhouse's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3896.59	/ (	(38.015	+	38.32)	/	2 )
=	3896.59	/	38.1675
=	102.09

Texas Roadhouse's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	980.674	/ (	(36.589	+	38.32)	/	2 )
=	980.674	/	37.4545
=	26.18

Texas Roadhouse (NAS:TXRH) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Texas Roadhouse's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	37.4545	/	980.674	*	365 / 4
	=	3.49

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Texas Roadhouse's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	37.4545	/	1164.361
	=	0.03

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Texas Roadhouse Inventory Turnover Related Terms

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Texas Roadhouse (Texas Roadhouse) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Texas Roadhouse Inc (NAS:TXRH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ROW:Germany ROW:Germany

Address

6040 Dutchmans Lane, Louisville, KY, USA, 40205

Website

http://www.texasroadhouse.com

Texas Roadhouse Inc is a restaurant company operating predominately in the casual dining segment. The company's operating segment includes Texas Roadhouse; Bubba's 33 and others. It generates maximum revenue from the Texas Roadhouse segment.

Executives

Christopher C. Colson	officer: General Counsel	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Gerald L. Morgan	officer: President	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Gregory N Moore	director	6040 DUTCHMANS LANE, SUITE 200, LOUISVILLE KY 40205
Wayne L. Jones	director	7755 CENTER AVENUE, SUITE 300, HUNTINGTON BEACH CA 92647
David Christopher Monroe	officer: Chief Financial Officer	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
S. Chris Jacobsen	officer: Chief Marketing Officer	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Kathy Widmer	director	C/O ELIZABETH ARDEN, INC., 2400 S.W. 145 AVENUE, MIRAMAR FL 33027
Regina A. Tobin	officer: Chief Learning & Culture Offcr	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Hernan E. Mujica	officer: Chief Information Officer	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Keith Humpich	officer: Interim Chief Financial Offcr.	6040 DUTCHMANS LANE, LOUISIVILLE KY 40205
James R Zarley	director	4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361
Tonya Robinson	officer: CFO	6040 DUTCHMANS LANE, SUITE 400, LOUISVILLE KY 40205
Curtis Warfield	director	6040 DUTCHMANS LANE, LOUISVILLE KY 40205
Donna E Epps	director	11465 JOHNS CREEK PARKWAY, SUITE400, JOHNS CREEK GA 30097
Wayne Kent Taylor	director, 10 percent owner, officer: Chairman of Company & Board	6040 DUTCHMANS LANE, SUITE 200, LOUISVILLE KY 40205