Performance Food Group Co (PFGC)
Fixed asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 59,088,600 | 58,332,900 | 57,726,600 | 57,641,400 | 57,250,300 | 57,036,700 | 56,769,700 | 56,087,400 | 55,037,800 | 50,708,000 | 45,431,800 | 39,564,100 | 33,577,600 | 30,246,500 | 26,716,500 | 26,516,600 | 25,751,700 | 24,969,400 | 25,115,200 | 22,822,200 |
| Property, plant and equipment | US$ in thousands | 3,861,300 | 2,968,300 | 2,571,400 | 2,465,800 | 2,366,700 | 2,264,000 | 2,197,200 | 2,157,300 | 2,127,700 | 2,134,500 | 2,104,700 | 2,102,000 | 1,978,500 | 1,589,600 | 1,553,600 | 1,544,300 | 1,512,300 | 1,479,000 | 1,481,600 | 983,500 |
| Fixed asset turnover | 15.30 | 19.65 | 22.45 | 23.38 | 24.19 | 25.19 | 25.84 | 26.00 | 25.87 | 23.76 | 21.59 | 18.82 | 16.97 | 19.03 | 17.20 | 17.17 | 17.03 | 16.88 | 16.95 | 23.21 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $59,088,600K ÷ $3,861,300K
= 15.30
Performance Food Group Co's fixed asset turnover has shown a fluctuating trend over the analyzed periods. The ratio was consistently high, ranging from 16.88 to 23.21 from December 31, 2019, to June 30, 2020, indicating the company was generating $23.21 in sales for every dollar invested in fixed assets during that period.
From September 30, 2020, to September 30, 2021, the fixed asset turnover remained relatively stable, fluctuating between 16.97 and 17.20, suggesting the company maintained a consistent level of efficiency in utilizing its fixed assets to generate sales.
Starting from December 31, 2021, the fixed asset turnover ratio began to increase significantly, reaching its peak at 26.00 on December 31, 2022. This substantial improvement in efficiency indicates that the company was able to generate more sales per dollar of fixed assets invested during this period.
However, from March 31, 2023, to December 31, 2024, the fixed asset turnover ratio gradually declined, dropping to 15.30 on December 31, 2024. This downward trend suggests a decrease in sales generated from the company's fixed asset base, potentially indicating less efficient utilization of fixed assets during these periods.
Overall, Performance Food Group Co's fixed asset turnover ratio has shown both strong efficiency in utilizing fixed assets to generate sales and periods of decline, highlighting the importance of continuously monitoring and managing asset utilization efficiency to ensure sustainable business performance.
Peer comparison
Dec 31, 2024