B&G Foods Inc (BGS)
Total 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 |
| Total assets | US$ in thousands | 2,994,050 | 3,463,290 | 3,841,610 | 3,828,540 | 3,767,570 |
| Total asset turnover | 0.64 | 0.59 | 0.56 | 0.54 | 0.52 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,930,330K ÷ $2,994,050K
= 0.64
Total asset turnover is a financial ratio that measures a company's ability to generate sales revenue from its assets. In the case of B&G Foods Inc, the total asset turnover has been gradually increasing over the past five years.
In December 31, 2020, the total asset turnover was 0.52, indicating that for every dollar of assets the company had, it generated $0.52 in sales revenue. By December 31, 2024, the total asset turnover had improved to 0.64, showing that the company was able to generate $0.64 in sales revenue for every dollar of assets it owned.
This upward trend in total asset turnover suggests that B&G Foods Inc has become more efficient in utilizing its assets to generate sales over the years. It indicates that the company is managing its assets more effectively and driving increased sales from its asset base.
Peer comparison
Dec 31, 2024