Performance Food Group Co (PFGC)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 58,281,200 | 57,254,700 | 50,894,100 | 30,398,900 | 25,086,300 |
| Property, plant and equipment | US$ in thousands | — | 2,967,600 | 2,757,900 | 2,028,300 | 1,920,200 |
| Fixed asset turnover | — | 19.29 | 18.45 | 14.99 | 13.06 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $58,281,200K ÷ $—K
= —
Performance Food Group Co's fixed asset turnover has been steadily increasing over the years, indicating more efficient utilization of its fixed assets to generate revenue.
From June 30, 2020, to June 30, 2024, the fixed asset turnover ratios have shown an upward trend. Starting at 13.06 in 2020, it increased to 14.99 in 2021, further improved to 18.45 in 2022, and rose to 19.29 in 2023. However, in the most recent year available, June 30, 2024, the fixed asset turnover ratio was unavailable.
The consistent increase in the fixed asset turnover suggests that Performance Food Group Co has been able to generate more revenue relative to its investment in fixed assets. This trend indicates effective management and utilization of the company's fixed assets in generating sales, which can enhance profitability and return on investment for the company.
Peer comparison
Jun 30, 2024