Flowers Foods Inc (FLO)
Total 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 |
| Total assets | US$ in thousands | 3,400,450 | 3,426,950 | 3,312,990 | 3,253,310 | 3,323,020 |
| Total asset turnover | 1.50 | 1.49 | 1.45 | 1.33 | 1.32 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,103,490K ÷ $3,400,450K
= 1.50
Flowers Foods Inc's total asset turnover has shown a consistent increasing trend over the years, from 1.32 in December 2020 to 1.50 in December 2024. This indicates that the company is generating more revenue relative to its total assets, which is generally a positive sign of efficiency in asset utilization. The increase in total asset turnover suggests that Flowers Foods Inc has been able to generate more sales from its assets, which may indicate improved operational efficiency or effective management of its asset base. Overall, the upward trend in total asset turnover reflects positively on Flowers Foods Inc's ability to generate sales relative to its asset base over the analyzed period.
Peer comparison
Dec 31, 2024