Grocery Outlet Holding Corp (GO)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,371,500 | 3,969,450 | 3,578,100 | 3,079,580 | 3,134,640 |
| Property, plant and equipment | US$ in thousands | — | — | 560,746 | 499,387 | 433,652 |
| Fixed asset turnover | — | — | 6.38 | 6.17 | 7.23 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,371,500K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenues relative to its investment in fixed assets. In the case of Grocery Outlet Holding Corp, the fixed asset turnover has shown a decline from 7.23 in December 2020 to 6.17 in December 2021. This indicates that the company generated $6.17 in revenue for every dollar invested in fixed assets in 2021, as compared to $7.23 in the previous year.
The ratio slightly improved to 6.38 in December 2022, indicating a better utilization of fixed assets to generate revenue. However, no data is available for the following years, 2023 and 2024.
Overall, the trend in fixed asset turnover for Grocery Outlet Holding Corp suggests fluctuations in the efficiency of utilizing its fixed assets to generate sales revenues. It is important for the company to consistently monitor and optimize its fixed asset utilization to improve operational efficiency and profitability in the long term.
Peer comparison
Dec 31, 2024