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