Flowers Foods Inc (FLO)
Total asset turnover
| Dec 31, 2023 | Oct 7, 2023 | Jul 15, 2023 | Apr 22, 2023 | Dec 31, 2022 | Oct 8, 2022 | Apr 23, 2022 | Dec 31, 2021 | Oct 9, 2021 | Jul 17, 2021 | Apr 24, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 11, 2020 | Apr 18, 2020 | Dec 31, 2019 | Oct 5, 2019 | Jul 13, 2019 | Apr 20, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,090,830 | 5,044,470 | 5,003,380 | 5,211,260 | 4,660,260 | 4,605,390 | 4,464,530 | 4,330,770 | 4,370,320 | 4,332,170 | 4,340,720 | 4,387,990 | 4,282,709 | 4,259,620 | 4,209,519 | 4,123,979 | 4,086,887 | 4,043,775 | 4,009,299 | 3,951,849 |
| Total assets | US$ in thousands | 3,426,950 | 3,434,640 | 3,505,840 | 3,481,870 | 3,312,990 | 3,343,310 | 3,332,340 | 3,253,310 | 3,323,400 | 3,325,930 | 3,272,020 | 3,323,020 | 3,385,470 | 3,398,790 | 3,413,070 | 3,177,780 | 3,209,430 | 3,219,790 | 3,239,330 | 2,845,540 |
| Total asset turnover | 1.49 | 1.47 | 1.43 | 1.50 | 1.41 | 1.38 | 1.34 | 1.33 | 1.32 | 1.30 | 1.33 | 1.32 | 1.27 | 1.25 | 1.23 | 1.30 | 1.27 | 1.26 | 1.24 | 1.39 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,090,830K ÷ $3,426,950K
= 1.49
Flowers Foods Inc's total asset turnover has shown a relatively stable trend over the past few years. The company's total asset turnover ratio has fluctuated within a range of 1.23 to 1.50. Specifically, during the most recent reporting period, the total asset turnover ratio stood at 1.49, indicating that the company generated $1.49 in sales for every dollar of total assets it possessed.
Overall, the total asset turnover ratio suggests that Flowers Foods Inc has been effectively utilizing its assets to generate sales revenue. The company's ability to efficiently generate sales relative to its asset base is an important indicator of operational efficiency and effectiveness in utilizing its resources.
Peer comparison
Dec 31, 2023