Grocery Outlet Holding Corp (GO)
Fixed 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,954,961 | 3,892,938 | 3,808,072 | 3,696,411 | 3,558,750 | 3,413,730 | 3,265,937 | 3,145,257 | 3,066,322 | 3,091,139 | 3,084,909 | 3,110,986 | 3,116,154 | 2,966,663 | 2,852,320 | |||
| Property, plant and equipment | US$ in thousands | 642,462 | 626,976 | 592,322 | 574,225 | 560,746 | 537,678 | 522,392 | 510,123 | 499,387 | 484,718 | 471,285 | 458,313 | 433,652 | 399,159 | 378,076 | 366,429 | 356,614 | 340,263 |
| Fixed asset turnover | 6.16 | 6.21 | 6.43 | 6.44 | 6.35 | 6.35 | 6.25 | 6.17 | 6.14 | 6.38 | 6.55 | 6.79 | 7.19 | 7.43 | 7.54 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,954,961K ÷ $642,462K
= 6.16
Fixed asset turnover measures how efficiently a company is using its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that a company is generating more revenue per dollar of fixed assets. In the case of Grocery Outlet Holding Corp, the fixed asset turnover ratio has been consistently high, ranging from 6.14 to 7.54 over the past few years. This suggests that the company is effectively utilizing its fixed assets to generate revenue. The trend shows some minor fluctuations but generally remains within a relatively high range, indicating efficient management of fixed assets to drive sales. It is important to continue monitoring this ratio to ensure the company maintains its efficiency in utilizing its fixed assets in the long term.
Peer comparison
Dec 31, 2023