Sprouts Farmers Market LLC (SFM)

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 7,719,300 7,421,610 7,189,150 6,987,880 6,837,380 6,715,390 6,593,140 6,496,370 6,404,220 6,320,470 6,239,070 6,165,580 6,099,870 6,208,900 6,276,870 6,397,670 6,468,760 6,231,920 6,094,540 5,867,490
Total assets US$ in thousands 3,640,700 3,585,540 3,410,520 3,472,420 3,327,430 3,290,510 3,208,200 3,169,390 3,070,380 3,017,520 2,987,320 2,997,750 2,923,120 2,926,420 2,878,360 2,896,740 2,806,400 2,782,220 2,963,190 2,855,200
Total asset turnover 2.12 2.07 2.11 2.01 2.05 2.04 2.06 2.05 2.09 2.09 2.09 2.06 2.09 2.12 2.18 2.21 2.31 2.24 2.06 2.06

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,719,300K ÷ $3,640,700K
= 2.12

Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. The data for Sprouts Farmers Market LLC's total asset turnover shows a consistent trend over the period. The ratio fluctuated between 2.01 to 2.31 during the analyzed period, indicating that the company generated, on average, between $2.01 to $2.31 in revenue for every dollar of assets held.

The relatively stable ratio suggests that Sprouts Farmers Market effectively utilizes its assets to generate sales, as higher ratios generally indicate better efficiency in asset utilization. The gradual decline in total asset turnover from 2.31 in December 2020 to 2.12 in December 2024 could signify a decrease in the company's ability to generate sales revenue from its assets efficiently during this period.

Overall, while the total asset turnover ratio of Sprouts Farmers Market LLC remained relatively healthy, the slight decline over the years may warrant further investigation into the company's asset management strategies to maintain or improve its efficiency in generating sales revenue from its assets.


Peer comparison

Dec 31, 2024

Company name
Symbol
Total asset turnover
Sprouts Farmers Market LLC
SFM
2.12
Grocery Outlet Holding Corp
GO
1.38
Kroger Company
KR
2.80