Floor & Decor Holdings Inc (FND)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,406,710 | 4,256,060 | 3,431,300 | 2,421,130 | 2,039,070 |
| Total assets | US$ in thousands | 4,662,550 | 4,351,240 | 3,730,700 | 2,880,420 | 2,324,310 |
| Total asset turnover | 0.95 | 0.98 | 0.92 | 0.84 | 0.88 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,406,710K ÷ $4,662,550K
= 0.95
Floor & Decor Holdings Inc has seen fluctuations in its total asset turnover ratio over the past five years. The ratio measures the company's ability to generate sales revenue relative to its total assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate sales.
In 2023, the total asset turnover ratio was 0.95, slightly lower than the previous year. This suggests that the company generated $0.95 in sales for every dollar of total assets. Despite the slight decrease, the ratio remains relatively strong, indicating efficient asset utilization.
In 2022, the total asset turnover ratio was 0.98, showing a slight increase from the previous year. This improvement reflects an enhanced ability to generate sales revenue per dollar of assets compared to 2021.
In 2021, the total asset turnover ratio was 0.92, which was lower than 2022 but still higher than the ratios in 2020 and 2019. This indicates that the company experienced a moderate decrease in asset efficiency in converting assets into sales revenue.
In 2020 and 2019, the total asset turnover ratios were 0.84 and 0.88, respectively, suggesting that the company was less efficient in utilizing its assets to generate sales revenue during those years.
Overall, Floor & Decor Holdings Inc's total asset turnover ratio has shown some variability over the past five years, with fluctuations reflecting changes in the company's asset efficiency in generating sales revenue.
Peer comparison
Dec 31, 2023