Performance Food Group Co (PFGC)
Fixed asset turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 21,379,700 |
| Property, plant and equipment | US$ in thousands | 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 | 966,900 |
| Fixed asset turnover | 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 | 22.11 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $58,332,900K ÷ $2,968,300K
= 19.65
Performance Food Group Co's fixed asset turnover has shown a generally increasing trend over the period analyzed. The company's fixed asset turnover ratio has fluctuated between 16.88 and 26.00 times, indicating that the company generates sales revenue relative to its investment in fixed assets.
The upward trend in fixed asset turnover from 16.97 in Dec 2021 to 25.84 in Mar 2023 suggests that the company has become more efficient in utilizing its fixed assets to generate sales. This improvement continued until Dec 2023, reaching a peak of 26.00, demonstrating that Performance Food Group Co was able to generate $26 in sales for every dollar invested in fixed assets.
However, the fixed asset turnover ratio decreased slightly in the following quarters, fluctuating between 19.65 and 23.38. Despite these fluctuations, the company's fixed asset turnover remains relatively high, indicating that Performance Food Group Co efficiently manages its fixed assets to generate sales revenue.
Overall, the trend in fixed asset turnover for Performance Food Group Co shows improvement and efficiency in utilizing its fixed assets to generate sales over the period analyzed.
Peer comparison
Sep 30, 2024