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