B&G Foods Inc (BGS)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,052,603	2,101,161	2,126,816	2,136,150	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	1,660,414	1,648,297	1,636,656	1,625,684
Property, plant and equipment	US$ in thousands	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	304,934	303,107	305,322	282,546
Fixed asset turnover		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	5.45	5.44	5.36	5.75

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,052,603K ÷ $302,288K
= 6.79

The fixed asset turnover ratio for B&G Foods Inc has shown a generally increasing trend over the past five quarters, reflecting an improvement in the company's efficiency in utilizing its fixed assets to generate sales. From a value of 5.75 in March 2019, the ratio has steadily climbed to 6.79 in December 2023.

This upward trajectory indicates that the company has been able to generate more revenue per dollar of fixed assets invested, which is a positive sign of operational efficiency. The company's ability to generate higher sales with the same level of fixed assets suggests effective management of its operational resources.

Overall, the increasing trend in fixed asset turnover ratio for B&G Foods Inc indicates improvements in operational efficiency and effective utilization of fixed assets in generating revenue over the analyzed period.