Performance Food Group Co (PFGC)
Total 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 |
| Total assets | US$ in thousands | 13,392,900 | 12,499,000 | 12,378,000 | 7,845,700 | 7,719,700 |
| Total asset turnover | 4.35 | 4.58 | 4.11 | 3.87 | 3.25 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $58,281,200K ÷ $13,392,900K
= 4.35
Performance Food Group Co has shown a consistent improvement in its total asset turnover ratio over the past five years. The ratio has increased from 3.25 in June 30, 2020, to 4.35 in June 30, 2024. This indicates that the company is generating more revenue from its assets each year, reflecting efficient asset utilization. The rising trend suggests that Performance Food Group Co has been effectively managing its assets to drive sales growth. Overall, the increasing total asset turnover ratio signals a positive performance in converting assets into revenue for the company.
Peer comparison
Jun 30, 2024
Company name
Symbol
Total asset turnover
Performance Food Group Co
PFGC
4.35
SpartanNash Co
SPTN
3.67
The Chefs Warehouse Inc
CHEF
2.04
United Natural Foods Inc
UNFI
4.12