Performance Food Group Co (PFGC)
Total asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 63,298,900 | 58,281,200 | 57,254,700 | 50,894,100 | 30,398,900 |
| Total assets | US$ in thousands | 17,881,200 | 13,392,900 | 12,499,000 | 12,378,000 | 7,845,700 |
| Total asset turnover | 3.54 | 4.35 | 4.58 | 4.11 | 3.87 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $63,298,900K ÷ $17,881,200K
= 3.54
The total asset turnover ratio for Performance Food Group Co demonstrates a pattern of initial growth followed by a subsequent decline over the specified period. As of June 30, 2021, the ratio stood at 3.87, indicating that the company generated approximately $3.87 in sales for every dollar of assets.
Between June 30, 2021, and June 30, 2022, the ratio increased to 4.11, reflecting an improvement in the company's efficiency in utilizing its assets to generate sales. This upward trend continued into June 30, 2023, when the ratio reached 4.58, representing the highest level within the observed timeframe. This peak suggests optimal asset utilization during this period.
However, a reversal occurred afterward. By June 30, 2024, the total asset turnover declined to 4.35, indicating a reduction in asset efficiency, albeit still relatively high. The downward trend persisted into June 30, 2025, with the ratio decreasing further to 3.54. This decline implies that the company's efficiency in generating sales from its assets has diminished relative to the previous year, returning closer to the levels observed in 2021.
Overall, the data reflects a period of increasing asset utilization efficiency up to mid-2023, followed by a notable decrease in the following two years. This pattern could be indicative of shifts in operational efficiency, asset management strategies, or changes in sales performance relative to the company's asset base.
Peer comparison
Jun 30, 2025