Grocery Outlet Holding Corp (GO)

Total 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
Total assets US$ in thousands 2,969,590 2,929,460 2,823,090 2,769,680 2,772,400 2,751,030 2,693,400 2,707,050 2,669,810 2,617,670 2,565,750 2,498,740 2,485,620 2,394,270 2,324,290 2,319,100 2,185,530 2,134,850
Total asset turnover 1.33 1.33 1.35 1.33 1.28 1.24 1.21 1.16 1.15 1.18 1.20 1.25 1.25 1.24 1.23

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,954,961K ÷ $2,969,590K
= 1.33

The total asset turnover of Grocery Outlet Holding Corp has shown a relatively stable trend over the past five quarters, ranging between 1.15 and 1.35. This indicates that the company is generating revenue efficiently from its total assets. A total asset turnover ratio of over 1 suggests that the company is effectively utilizing its assets to generate sales. The slight fluctuations in the ratio may signify changes in the company's operational efficiency or changes in its asset base. Overall, a consistent total asset turnover ratio suggests that Grocery Outlet Holding Corp has been effectively managing its assets to generate sales revenue.


Peer comparison

Dec 31, 2023

Company name
Symbol
Total asset turnover
Grocery Outlet Holding Corp
GO
1.33
Kroger Company
KR
2.96
Sprouts Farmers Market LLC
SFM
2.05