B&G Foods Inc (BGS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,930,330 | 2,053,870 | 2,163,840 | 2,049,690 | 1,962,560 |
| Property, plant and equipment | US$ in thousands | 278,119 | 302,288 | 317,587 | 341,471 | 371,854 |
| Fixed asset turnover | 6.94 | 6.79 | 6.81 | 6.00 | 5.28 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,930,330K ÷ $278,119K
= 6.94
The fixed asset turnover ratio for B&G Foods Inc has shown a positive trend over the years, increasing steadily from 5.28 in December 2020 to 6.94 in December 2024. This indicates that the company is generating more revenue from its investment in fixed assets over time. A higher fixed asset turnover ratio generally indicates better efficiency in utilizing fixed assets to generate sales. The consistent improvement in this ratio implies that B&G Foods Inc has been effectively managing and utilizing its fixed assets to generate sales, which is a positive sign of operational efficiency and effective asset utilization.
Peer comparison
Dec 31, 2024