Flowers Foods Inc (FLO)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,103,480 | 5,121,390 | 5,130,090 | 5,104,370 | 4,755,600 | 4,854,620 | 5,189,850 | 5,525,080 | 5,379,700 | 5,309,820 | 4,933,500 | 4,528,060 | 4,881,320 | 5,159,080 | 4,984,400 | 4,883,150 | 4,475,020 | 4,056,400 | 4,090,220 | 4,364,590 |
| Total assets | US$ in thousands | 3,400,450 | 3,429,960 | 3,428,060 | 3,429,170 | 3,426,950 | 3,434,640 | 3,434,640 | 3,505,840 | 3,505,840 | 3,481,870 | 3,481,870 | 3,312,990 | 3,343,310 | 3,343,310 | 3,340,720 | 3,332,340 | 3,332,340 | 3,253,310 | 3,323,400 | 3,323,400 |
| Total asset turnover | 1.50 | 1.49 | 1.50 | 1.49 | 1.39 | 1.41 | 1.51 | 1.58 | 1.53 | 1.52 | 1.42 | 1.37 | 1.46 | 1.54 | 1.49 | 1.47 | 1.34 | 1.25 | 1.23 | 1.31 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,103,480K ÷ $3,400,450K
= 1.50
The total asset turnover ratio of Flowers Foods Inc has displayed fluctuations over the given time period. Starting at 1.31 in September 2021, the ratio decreased to 1.23 by October 9, 2021. Subsequently, there was a slight increase to 1.25 by December 31, 2021. The ratio continued to rise, reaching 1.54 by September 30, 2022, before slightly dropping to 1.37 by December 31, 2022.
In the following periods, the total asset turnover ratio showed a mixed trend, with some fluctuations. It reached the highest point of 1.58 on July 15, 2023, and then decreased to 1.39 by December 31, 2023. The ratio gradually increased again, reaching 1.50 by December 31, 2024.
Overall, the total asset turnover ratio of Flowers Foods Inc has shown variability over the analyzed timeframe, indicating changes in how efficiently the company is utilizing its assets to generate sales revenue. Further analysis of the company's operational and financial performance may help in understanding the factors contributing to these fluctuations and their implications for the business.
Peer comparison
Dec 31, 2024