Floor & Decor Holdings Inc (FND)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,455,770 | 4,413,880 | 4,264,470 | 3,433,530 | 2,425,790 |
| Total assets | US$ in thousands | 5,050,480 | 4,662,550 | 4,351,240 | 3,730,700 | 2,880,420 |
| Total asset turnover | 0.88 | 0.95 | 0.98 | 0.92 | 0.84 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,455,770K ÷ $5,050,480K
= 0.88
Floor & Decor Holdings Inc's total asset turnover has shown a fluctuating trend over the past five years. The ratio was 0.84 in December 31, 2020, indicating that the company generated $0.84 in sales for every dollar of assets. Over the subsequent years, the total asset turnover ratio improved to 0.92 in December 31, 2021, demonstrating an increase in efficiency in generating sales from its assets.
By December 31, 2022, the total asset turnover ratio further improved to 0.98, indicating that the company was able to generate $0.98 in sales for each dollar of assets held. However, in December 31, 2023, the ratio declined slightly to 0.95, suggesting a potential decrease in efficiency in utilizing its assets to generate revenue.
In the most recent year, December 31, 2024, the total asset turnover ratio decreased to 0.88, indicating a decrease in the company's ability to generate sales from its total assets. Overall, the fluctuation in the total asset turnover ratio over the years suggests varying levels of efficiency in Floor & Decor Holdings Inc's asset utilization and revenue generation. Additional analysis and comparison with industry benchmarks may provide further insights into the company's operational performance.
Peer comparison
Dec 31, 2024