Sprouts Farmers Market LLC (SFM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,719,290 | 6,837,380 | 6,404,220 | 6,099,870 | 6,468,760 |
| Total assets | US$ in thousands | 3,640,700 | 3,327,430 | 3,070,380 | 2,923,120 | 2,806,400 |
| Total asset turnover | 2.12 | 2.05 | 2.09 | 2.09 | 2.31 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,719,290K ÷ $3,640,700K
= 2.12
The total asset turnover ratio for Sprouts Farmers Market LLC has shown a slight decline from 2.31 in December 31, 2020, to 2.09 in both December 31, 2021, and December 31, 2022. There was a further decrease to 2.05 by December 31, 2023, before a slight improvement to 2.12 by December 31, 2024. This ratio indicates that for each dollar of total assets owned by the company, it generated approximately $2.09 to $2.31 in revenue during the period under review. The fluctuations in the total asset turnover ratio may suggest changes in the company's efficiency in utilizing its assets to generate sales revenue over the years.
Peer comparison
Dec 31, 2024