Kroger Company (KR)
Fixed asset turnover
| Feb 3, 2024 | Nov 4, 2023 | Aug 12, 2023 | May 20, 2023 | Jan 28, 2023 | Nov 5, 2022 | Aug 13, 2022 | May 21, 2022 | Jan 29, 2022 | Nov 6, 2021 | Aug 14, 2021 | May 22, 2021 | Jan 30, 2021 | Nov 7, 2020 | May 23, 2020 | Feb 1, 2020 | Nov 9, 2019 | Aug 17, 2019 | May 25, 2019 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 149,599,000 | 147,344,000 | 147,560,000 | 148,311,000 | 147,722,000 | 145,928,000 | 143,574,000 | 140,608,000 | 137,318,000 | 135,034,000 | 132,903,000 | 142,733,000 | 130,353,000 | 127,559,000 | 126,003,000 | 121,682,000 | 121,073,000 | 120,766,000 | 120,453,000 | 120,737,000 |
| Property, plant and equipment | US$ in thousands | 23,259,000 | 24,882,000 | 24,894,000 | 24,935,000 | 22,708,000 | 24,080,000 | 24,118,000 | 24,209,000 | 22,264,000 | 23,316,000 | 22,986,000 | 22,602,000 | 21,542,000 | 21,902,000 | 21,790,000 | 21,871,000 | 21,801,000 | 21,820,000 | 21,661,000 | 21,635,000 |
| Fixed asset turnover | 6.43 | 5.92 | 5.93 | 5.95 | 6.51 | 6.06 | 5.95 | 5.81 | 6.17 | 5.79 | 5.78 | 6.32 | 6.05 | 5.82 | 5.78 | 5.56 | 5.55 | 5.53 | 5.56 | 5.58 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $149,599,000K ÷ $23,259,000K
= 6.43
The fixed asset turnover ratio for Kroger Company fluctuated over the past several periods, ranging from 5.53 to 6.51. The ratio indicates how efficiently the company is generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio typically suggests better asset utilization and operational efficiency.
Kroger's fixed asset turnover has generally been strong, consistently above 5.5 which indicates that the company is effectively using its fixed assets to generate sales. However, the fluctuations in the ratio suggest some variability in the company's operational efficiency over time.
Overall, Kroger's fixed asset turnover ratio indicates that the company has been effectively utilizing its fixed assets to generate sales revenue, albeit with some fluctuations. Monitoring this ratio over time can help assess the company's performance in managing its fixed asset utilization.
Peer comparison
Feb 3, 2024