Grocery Outlet Holding Corp (GO)
Total asset turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,371,490 | 4,263,458 | 4,159,188 | 4,040,928 | 3,969,455 | 3,910,467 | 3,824,742 | 3,712,141 | 3,578,101 | 3,429,972 | 3,280,667 | 3,158,543 | 3,079,582 | 3,103,702 | 3,098,904 | 3,126,798 | 3,134,640 | 2,983,336 | 2,871,794 | 2,713,654 |
| Total assets | US$ in thousands | 3,173,820 | 3,138,520 | 3,080,680 | 2,974,530 | 3,341,310 | 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 |
| Total asset turnover | 1.38 | 1.36 | 1.35 | 1.36 | 1.19 | 1.33 | 1.35 | 1.34 | 1.29 | 1.25 | 1.22 | 1.17 | 1.15 | 1.19 | 1.21 | 1.25 | 1.26 | 1.25 | 1.24 | 1.17 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,371,490K ÷ $3,173,820K
= 1.38
The total asset turnover of Grocery Outlet Holding Corp has exhibited some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures how efficiently the company is utilizing its assets to generate revenue.
From March 31, 2020, to December 31, 2022, the total asset turnover increased steadily from 1.17 to 1.29, indicating an improvement in the company's ability to generate sales relative to its asset base. However, there was a slight decline to 1.19 by March 31, 2023.
Subsequently, there were fluctuations in the ratio, with peaks at 1.38 by December 31, 2024, suggesting that the company became more efficient in utilizing its assets to generate revenue.
Overall, the trend indicates that Grocery Outlet Holding Corp has generally shown an upward trajectory in its total asset turnover, with intermittent fluctuations, reflective of varying levels of asset utilization efficiency throughout the period.
Peer comparison
Dec 31, 2024