Sprouts Farmers Market LLC (SFM)
Fixed asset turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,833,110 | 6,710,160 | 6,587,660 | 6,490,370 | 6,395,180 | 6,309,970 | 6,227,610 | 6,153,850 | 6,088,190 | 6,196,970 | 6,264,730 | 6,384,720 | 6,453,970 | 6,220,230 | 6,080,410 | 5,851,660 | 5,618,830 | 5,523,180 | 5,410,210 | 5,315,060 |
| Property, plant and equipment | US$ in thousands | 798,707 | 773,072 | 738,693 | 715,342 | 722,241 | 694,098 | 690,460 | 701,102 | 716,029 | 709,342 | 703,571 | 707,039 | 726,500 | 735,670 | 740,075 | 734,504 | 741,508 | 742,235 | 728,441 | 694,183 |
| Fixed asset turnover | 8.56 | 8.68 | 8.92 | 9.07 | 8.85 | 9.09 | 9.02 | 8.78 | 8.50 | 8.74 | 8.90 | 9.03 | 8.88 | 8.46 | 8.22 | 7.97 | 7.58 | 7.44 | 7.43 | 7.66 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,833,110K ÷ $798,707K
= 8.56
Sprouts Farmers Market Inc's fixed asset turnover ratio has shown a consistent pattern over the past eight quarters. The company's fixed asset turnover ratio has ranged between 8.56 and 9.11, indicating that, on average, the company generates between $8.56 and $9.11 in revenue for every dollar invested in fixed assets.
The overall trend suggests that Sprouts Farmers Market Inc efficiently utilizes its fixed assets to generate sales. The slight fluctuations in the ratio indicate minor variations in the company's ability to generate revenue from its fixed assets over consecutive quarters. However, despite these fluctuations, the ratio remains relatively stable, indicating a consistent level of efficiency in asset utilization.
Overall, the fixed asset turnover ratio for Sprouts Farmers Market Inc has been consistently strong, indicating that the company effectively manages its fixed assets to generate revenue. This efficiency is crucial for maintaining profitability and sustainable growth over time.
Peer comparison
Dec 31, 2023