B&G Foods Inc (BGS)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,932,256	1,949,320	1,990,969	2,016,002	2,052,587	2,101,145	2,126,800	2,136,134	2,163,842	2,112,055	2,098,643	2,084,061	2,049,689	1,989,304	1,970,098	2,018,262	1,962,498	1,927,840	1,838,392	1,697,050
Property, plant and equipment	US$ in thousands	278,119	278,310	287,395	296,004	302,288	302,572	308,405	311,784	317,587	325,890	336,429	334,187	341,471	346,537	355,833	360,214	371,854	283,046	283,827	289,640
Fixed asset turnover		6.95	7.00	6.93	6.81	6.79	6.94	6.90	6.85	6.81	6.48	6.24	6.24	6.00	5.74	5.54	5.60	5.28	6.81	6.48	5.86

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,932,256K ÷ $278,119K
= 6.95

The fixed asset turnover ratio for B&G Foods Inc has been gradually increasing from 5.86 in March 2020 to 6.95 in December 2024. This improvement indicates that the company is utilizing its fixed assets more efficiently to generate sales revenue. A higher fixed asset turnover ratio signifies that the company is generating more sales per dollar invested in fixed assets, which is a positive sign of operational efficiency and asset utilization. This trend suggests that B&G Foods Inc has been effectively managing and utilizing its fixed assets over the analyzed period.