Sprouts Farmers Market LLC (SFM)
Total 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 |
| Total assets | US$ in thousands | 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 | 2,722,980 | 2,764,870 | 2,692,490 | 2,616,600 |
| Total asset turnover | 2.05 | 2.04 | 2.05 | 2.05 | 2.08 | 2.09 | 2.08 | 2.05 | 2.08 | 2.12 | 2.18 | 2.20 | 2.30 | 2.24 | 2.05 | 2.05 | 2.06 | 2.00 | 2.01 | 2.03 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,833,110K ÷ $3,327,430K
= 2.05
Sprouts Farmers Market Inc has shown consistent total asset turnover ratios around 2.05 to 2.09 over the past eight quarters. This indicates that the company generates approximately $2.05 to $2.09 in sales for every $1 of total assets it holds. The stable and relatively high total asset turnover signifies that Sprouts Farmers Market Inc efficiently utilizes its assets to generate revenue. This demonstrates effectiveness in managing and utilizing its assets to drive sales and potentially create value for shareholders. Additionally, the consistency in the total asset turnover ratio suggests a level of operational stability and effectiveness in the company's asset management strategies.
Peer comparison
Dec 31, 2023