Performance Food Group Co (PFGC)
Total asset turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 19,678,100 |
| Total assets | US$ in thousands | 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 | 6,111,100 | 6,163,000 | 4,653,500 |
| Total asset turnover | 4.48 | 4.46 | 4.44 | 4.56 | 4.66 | 4.60 | 4.52 | 4.10 | 3.79 | 3.31 | 2.90 | 3.86 | 3.59 | 3.54 | 3.33 | 3.23 | 3.19 | 3.73 | 3.47 | 4.23 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $57,726,600K ÷ $12,873,900K
= 4.48
Performance Food Group Co's total asset turnover has shown some fluctuations over the periods analyzed. The company's total asset turnover ratio ranged from 2.90 to 4.66 over the past five quarters. Generally, a higher total asset turnover ratio indicates that the company is generating more sales relative to its total assets.
From December 2019 to March 2020, there was a noticeable increase in total asset turnover. The ratio peaked at 4.66 in March 2020, suggesting that the company was efficiently utilizing its assets to generate revenue during that period. Subsequently, there was a slight decline in the ratio before it began to fluctuate around the 4.00 level from March 2020 to December 2021.
From December 2021 to March 2023, there was a consistent decline in total asset turnover, indicating that the company's sales were not keeping pace with its total assets during that period. However, from March 2023 to March 2024, there was a slight recovery in the ratio, reaching 4.48 in March 2024.
Overall, Performance Food Group Co's total asset turnover has experienced fluctuations, with periods of improvement and decline. It is important for the company to continue monitoring and managing its asset utilization to ensure efficient operations and sustainable growth.
Peer comparison
Mar 31, 2024