Performance Food Group Co (PFGC)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 60,100,600 | 58,758,100 | 58,281,200 | 57,957,200 | 57,870,800 | 57,474,000 | 57,254,700 | 56,979,500 | 56,287,200 | 55,227,100 | 50,894,100 | 45,608,500 | 39,732,000 | 33,738,400 | 30,398,900 | 26,868,500 | 26,666,700 | 25,890,100 | 25,086,300 | 25,211,400 |
| Total assets | US$ in thousands | 17,097,000 | 14,396,500 | 13,392,900 | 12,873,900 | 12,912,500 | 12,903,200 | 12,499,000 | 12,189,500 | 12,189,600 | 12,168,600 | 12,378,000 | 11,979,600 | 11,956,400 | 11,581,700 | 7,845,700 | 7,449,800 | 7,493,700 | 7,739,900 | 7,719,700 | 7,870,800 |
| Total asset turnover | 3.52 | 4.08 | 4.35 | 4.50 | 4.48 | 4.45 | 4.58 | 4.67 | 4.62 | 4.54 | 4.11 | 3.81 | 3.32 | 2.91 | 3.87 | 3.61 | 3.56 | 3.35 | 3.25 | 3.20 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $60,100,600K ÷ $17,097,000K
= 3.52
Performance Food Group Co's total asset turnover has shown a generally increasing trend over the period provided, from 3.73 in December 2019 to 3.46 in December 2024. The ratio peaked at 4.66 in March 2023 before subsequently fluctuating. This indicates that the company has been able to generate more revenue for each dollar of assets held during the period.
The improvements in total asset turnover suggest that Performance Food Group Co is becoming more efficient in utilizing its assets to generate sales over time. A higher total asset turnover ratio typically signifies that the company is effectively managing its assets and generating sales.
However, it is important to note the slight decline in the total asset turnover ratio towards the end of the period, dropping from 4.48 in March 2024 to 3.46 in December 2024. This could indicate a potential decrease in sales relative to the company's total assets or a change in the composition of assets impacting revenue generation efficiency.
Overall, Performance Food Group Co's total asset turnover ratio indicates that the company has been effectively managing its assets to generate sales, although closer monitoring may be necessary to understand the recent decline in the ratio.
Peer comparison
Dec 31, 2024