Flowers Foods Inc (FLO)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 5,103,490 5,090,830 4,805,820 4,330,770 4,387,990
Property, plant and equipment US$ in thousands 861,818 1,091,220 705,034
Fixed asset turnover 5.58 3.97 6.22

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,103,490K ÷ $—K
= —

Flowers Foods Inc's fixed asset turnover ratio has shown variation over the past few years. In December 2020, the ratio was 6.22, indicating that the company generated $6.22 in sales for every dollar invested in fixed assets. By December 2021, the ratio decreased to 3.97, suggesting a decline in the efficiency of utilizing fixed assets to generate revenue.

However, the company's performance improved in December 2022 with a fixed asset turnover ratio of 5.58, signaling a more efficient utilization of fixed assets. Unfortunately, data for December 2023 and 2024 are not available, making it difficult to assess the trend in the subsequent years.

Overall, monitoring the fixed asset turnover ratio is crucial for Flowers Foods Inc to optimize its asset management efficiency and enhance profitability. Variations in this ratio can provide insights into the company's operational efficiency and help management make informed decisions regarding asset utilization strategies.