Performance Food Group Co (PFGC)
Fixed asset turnover
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 57,036,700 | 50,708,000 | 30,246,500 | 24,969,400 | 19,678,100 |
| Property, plant and equipment | US$ in thousands | 2,264,000 | 2,134,500 | 1,589,600 | 1,479,000 | 950,500 |
| Fixed asset turnover | 25.19 | 23.76 | 19.03 | 16.88 | 20.70 |
June 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $57,036,700K ÷ $2,264,000K
= 25.19
Performance Food Group Co's fixed asset turnover has been showing a positive trend over the past five years, increasing from 20.70 in 2019 to 25.19 in 2023. This indicates that the company generates more revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio signifies efficient utilization of fixed assets to generate sales. The consistent improvement in this ratio suggests that Performance Food Group Co has been effectively managing and utilizing its fixed assets to generate revenue. Overall, the increasing trend in fixed asset turnover reflects the company's ability to optimize its asset base for revenue generation, which is a positive indicator of operational efficiency and profitability.
Peer comparison
Jun 30, 2023