Freshpet Inc (FRPT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 975,177 | 766,895 | 595,344 | 425,489 | 318,790 |
| Total assets | US$ in thousands | 1,574,880 | 1,464,420 | 1,125,380 | 784,410 | 434,388 |
| Total asset turnover | 0.62 | 0.52 | 0.53 | 0.54 | 0.73 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $975,177K ÷ $1,574,880K
= 0.62
The total asset turnover ratio of Freshpet Inc. exhibits a downward trend from December 31, 2020, to December 31, 2023, followed by a modest recovery in the subsequent year. Specifically, the ratio declined from 0.73 in 2020 to 0.54 in 2021, representing a significant decline of approximately 26%. It continued to decrease slightly to 0.53 in 2022 and remained relatively stable at this level through 2023. In 2024, the ratio increased to 0.62, indicating a partial recovery but still remaining below the 2020 level. Overall, this pattern suggests that the company's efficiency in utilizing its assets to generate sales has diminished over the initial years but experienced some improvement in 2024.
Peer comparison
Dec 31, 2024