Floor & Decor Holdings Inc (FND)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,406,920 | 4,406,870 | 4,395,090 | 4,350,260 | 4,260,640 | 4,126,905 | 3,907,461 | 3,678,719 | 3,433,006 | 3,242,323 | 3,049,717 | 2,651,270 | 2,422,460 | 2,225,810 | 2,062,093 | 2,119,126 | 2,039,528 | 1,949,265 | 1,863,273 | 1,776,713 |
| Total assets | US$ in thousands | 4,662,550 | 4,638,080 | 4,475,470 | 4,335,190 | 4,351,240 | 4,244,670 | 4,199,380 | 3,893,390 | 3,730,700 | 3,628,110 | 3,364,300 | 2,964,720 | 2,880,420 | 2,714,400 | 2,528,730 | 2,633,880 | 2,324,310 | 2,156,870 | 2,011,120 | 1,873,350 |
| Total asset turnover | 0.95 | 0.95 | 0.98 | 1.00 | 0.98 | 0.97 | 0.93 | 0.94 | 0.92 | 0.89 | 0.91 | 0.89 | 0.84 | 0.82 | 0.82 | 0.80 | 0.88 | 0.90 | 0.93 | 0.95 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,406,920K ÷ $4,662,550K
= 0.95
Floor & Decor Holdings Inc's total asset turnover has shown some fluctuation over the past few quarters but has generally remained within the range of 0.80 to 1.00. The total asset turnover ratio represents the company's ability to generate revenue from its assets, with a higher ratio indicating more efficient asset utilization.
From the provided data, it can be observed that the total asset turnover ratio has slightly increased from 0.95 in Dec 2023 to 0.98 in Jun 2023 before stabilizing around 0.95 again. This suggests that Floor & Decor Holdings Inc is effectively generating sales relative to its total assets, which is a positive signal for the company's operational efficiency.
However, it is important to note that the total asset turnover ratio can be influenced by various factors such as industry dynamics, competitive landscape, and company-specific strategies. Therefore, it would be beneficial to further analyze the company's operating performance and compare the ratio with industry benchmarks to gain a deeper understanding of Floor & Decor Holdings Inc's asset utilization efficiency.
Peer comparison
Dec 31, 2023