Performance Food Group Co (PFGC)
Fixed asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 21,379,700 | 19,678,100 |
| Property, plant and equipment | US$ in thousands | 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 | 966,900 | 950,500 |
| Fixed asset turnover | 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 | 22.11 | 20.70 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $57,726,600K ÷ $2,571,400K
= 22.45
Performance Food Group Co's fixed asset turnover ratio has been quite volatile over the past few quarters. The ratio has shown a general declining trend from Mar 31, 2020 to Sep 30, 2021, indicating that the company was using its fixed assets less efficiently to generate sales during this period. However, from Dec 31, 2021 onwards, there has been an uptrend in the fixed asset turnover ratio, reaching its peak at 25.84 on Mar 31, 2023. This improvement suggests that the company has been able to utilize its fixed assets more effectively to generate sales revenue.
Overall, the company's fixed asset turnover seems to have stabilized at a relatively high level in recent quarters, indicating efficient utilization of fixed assets to support revenue generation. This trend is favorable as it shows that Performance Food Group Co is managing its fixed assets efficiently to drive sales growth.
Peer comparison
Mar 31, 2024