Performance Food Group Co (PFGC)
Total asset turnover
| Sep 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 58,332,900 | 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 |
| Total assets | US$ in thousands | 14,396,500 | 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 |
| Total asset turnover | 4.05 | 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 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $58,332,900K ÷ $14,396,500K
= 4.05
The total asset turnover of Performance Food Group Co has shown fluctuations over the past few quarters. The ratio has generally been above 4, indicating that the company is generating sales efficiently relative to its total assets.
From December 31, 2019, to September 30, 2020, the total asset turnover ratio demonstrated an upward trend, peaking at 4.60 in March 31, 2023. This suggests that the company was effectively utilizing its assets to generate revenue during this period.
However, there was a slight dip in the ratio in the subsequent quarters, indicating a potential decrease in asset efficiency. Notably, the ratio hit a low of 2.90 in December 31, 2021, before gradually recovering.
Overall, the varying levels of total asset turnover imply fluctuations in the company's ability to generate sales from its assets. It is essential for Performance Food Group Co to consistently monitor and manage its asset utilization to maintain efficient operations and enhance financial performance.
Peer comparison
Sep 30, 2024