Grocery Outlet Holding Corp (GO)
Total 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 |
| Total assets | US$ in thousands | 3,173,820 | 2,969,590 | 2,772,400 | 2,669,810 | 2,485,620 |
| Total asset turnover | 1.38 | 1.34 | 1.29 | 1.15 | 1.26 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,371,500K ÷ $3,173,820K
= 1.38
The total asset turnover for Grocery Outlet Holding Corp has shown a fluctuating trend over the past five years. It decreased from 1.26 in December 2020 to 1.15 in December 2021, indicating a decline in the efficiency of utilizing assets to generate sales revenue during that period. However, there was a subsequent increase to 1.29 in December 2022, followed by a further improvement to 1.34 in December 2023 and a peak at 1.38 in December 2024.
This upward trend suggests that the company has been able to enhance its utilization of assets to generate sales, reflecting improved operational efficiency and potentially stronger performance in converting assets into revenue. Overall, the increasing total asset turnover ratios indicate an improvement in the company's efficiency in managing its assets to drive sales growth over the specified period.
Peer comparison
Dec 31, 2024