B&G Foods Inc (BGS)

Total 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
Total assets	US$ in thousands	2,994,050	3,418,420	3,351,550	3,360,520	3,463,290	3,956,850	3,718,710	3,752,440	3,841,610	3,983,570	3,916,920	3,839,350	3,828,540	3,946,140	3,761,420	3,741,200	3,767,570	3,278,900	3,251,820	3,318,780
Total asset turnover		0.65	0.57	0.59	0.60	0.59	0.53	0.57	0.57	0.56	0.53	0.54	0.54	0.54	0.50	0.52	0.54	0.52	0.59	0.57	0.51

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,932,256K ÷ $2,994,050K
= 0.65

Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales from its assets. B&G Foods Inc's total asset turnover has shown fluctuations over the last few years, ranging from 0.50 to 0.65.

In general, a higher total asset turnover ratio indicates that the company is using its assets more efficiently to generate revenue. On the other hand, a lower ratio may suggest that assets are not being utilized effectively to drive sales.

From the data provided, we observe that B&G Foods Inc's total asset turnover has fluctuated within a relatively narrow range, showing some stability in asset utilization. The ratio peaked at 0.65 on December 31, 2024, indicating that the company was able to generate more sales relative to its assets at that point in time.

Overall, a consistent analysis of the trend in total asset turnover can provide insights into the company's operational efficiency and effectiveness in managing its assets to drive revenue growth.