Performance Food Group Co (PFGC)

Fixed asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 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
Revenue (ttm) US$ in thousands 60,100,600 58,758,100 58,281,200 57,957,200 57,870,800 57,474,000 57,254,700 56,979,500 56,287,200 55,227,100 50,894,100 45,608,500 39,732,000 33,738,400 30,398,900 26,868,500 26,666,700 25,890,100 25,086,300 25,211,400
Property, plant and equipment US$ in thousands 3,134,400 2,967,600 2,197,200 2,157,300 2,127,700 2,757,900 2,104,700 2,102,000 2,629,300 2,028,300 1,553,600 1,544,300 1,512,300 1,920,200 1,922,400
Fixed asset turnover 18.34 19.29 25.93 26.09 25.96 18.45 21.67 18.90 12.83 14.99 17.29 17.27 17.12 13.06 13.11

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $60,100,600K ÷ $—K
= —

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

Company name
Symbol
Fixed asset turnover
Performance Food Group Co
PFGC
SpartanNash Co
SPTN
The Chefs Warehouse Inc
CHEF
16.39
United Natural Foods Inc
UNFI
17.18