Performance Food Group Co (PFGC)
Total asset turnover
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 57,036,700 | 50,708,000 | 30,246,500 | 24,969,400 | 19,678,100 |
| Total assets | US$ in thousands | 12,499,000 | 12,378,000 | 7,845,700 | 7,719,700 | 4,653,500 |
| Total asset turnover | 4.56 | 4.10 | 3.86 | 3.23 | 4.23 |
June 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $57,036,700K ÷ $12,499,000K
= 4.56
Performance Food Group Co's total asset turnover has shown an increasing trend over the past five years, indicating improved efficiency in generating sales relative to its total assets. The company's total asset turnover ratio increased from 3.23 in 2019 to 4.56 in 2023, reaching its highest level during this period.
This indicates that Performance Food Group Co has been utilizing its assets more effectively to generate revenue. A higher total asset turnover ratio suggests that the company is generating more sales for each dollar of assets employed, reflecting improved operational efficiency and resource utilization.
Overall, the increasing trend in total asset turnover for Performance Food Group Co suggests positive operational performance and effective management of its asset base to drive revenue growth.
Peer comparison
Jun 30, 2023