Freshpet Inc (FRPT)
Total asset turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,014,577 | 975,177 | 927,889 | 875,143 | 823,221 | 766,894 | 717,307 | 668,019 | 630,695 | 595,344 | 545,380 | 501,637 | 464,246 | 425,489 | 394,142 | 370,742 | 342,106 | 318,790 | 300,020 | 281,096 |
| Total assets | US$ in thousands | 1,559,020 | 1,574,880 | 1,531,700 | 1,506,330 | 1,480,590 | 1,464,420 | 1,444,330 | 1,410,370 | 1,400,020 | 1,125,380 | 1,165,500 | 1,173,510 | 853,460 | 784,410 | 758,327 | 783,430 | 773,972 | 434,388 | 425,942 | 411,860 |
| Total asset turnover | 0.65 | 0.62 | 0.61 | 0.58 | 0.56 | 0.52 | 0.50 | 0.47 | 0.45 | 0.53 | 0.47 | 0.43 | 0.54 | 0.54 | 0.52 | 0.47 | 0.44 | 0.73 | 0.70 | 0.68 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,014,577K ÷ $1,559,020K
= 0.65
The total asset turnover ratio for Freshpet Inc has exhibited fluctuations over the analyzed period from June 30, 2020, through March 31, 2025. Initially, the ratio increased from 0.68 in June 2020 to a peak of approximately 0.73 in December 2020, indicating a period of improved efficiency in generating sales from total assets. However, a notable decline occurred in March 2021 to approximately 0.44, suggesting a reduction in asset utilization efficiency.
Subsequently, the ratio experienced modest recovery and stabilization, fluctuating within the range of 0.47 to 0.54 from September 2021 through December 2022. This indicates a relatively steady, though modest, improvement in asset productivity during this period. Beginning in early 2023, the ratio stabilized around 0.45 to 0.47, with incremental increases observed in 2024, reaching approximately 0.56 by March 2024.
The most recent data reflect a consistent upward trend, with the ratio rising to approximately 0.58 at June 30, 2024, and further increasing to 0.65 by March 31, 2025. This progressive improvement suggests enhanced efficiency in asset utilization over the latest quarters, likely driven by better sales performance relative to asset base.
Overall, despite experiencing periods of decline and stabilization, the trend from late 2022 onward indicates a gradual recovery and strengthening of asset productivity. The upward trajectory in recent periods signals that Freshpet Inc is becoming increasingly effective in generating revenue from its asset base, which could be reflective of operational improvements, increased sales efficiency, or strategic asset management.
Peer comparison
Mar 31, 2025